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  1. #1
    Perseus's Avatar
    Perseus is offline Junior Member
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    Lightbulb Please, help, Tax loophole on CGT in UK

    Hi guys, I need some help with very financial issue here. Could anybody recommend me any web-sites or lawyers in UK, who could help me up with finding some tax loopholes on Capital Gains tax on selling stock shares. Or maybe could give some advice on that matter.
    Thank you very much in advance.
    "We are what we continiously do. Excellence, then, is not an act, but a habit" - Aristotle

  2. #2
    peder1001 is offline Junior Member
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    Quote Originally Posted by Perseus View Post
    Hi guys, I need some help with very financial issue here. Could anybody recommend me any web-sites or lawyers in UK, who could help me up with finding some tax loopholes on Capital Gains tax on selling stock shares. Or maybe could give some advice on that matter.
    Thank you very much in advance.

    One option is being a non-domicile. Since ive made less than 10 posts, i cant post a link, so i ll just copy paste:

    This article will recap the facts about residence and domicile and put them into the context of tax liability.

    Furthermore the article will examine ways you can go about changing your tax status, the deemed domicile trap and how you can actually make the most of your status.

    i) A UK resident, UK domiciled person who is UK ordinary resident as well will be liable to UK income, capital gains and inheritance tax on worldwide assets.
    ii) A UK resident, non UK domiciled person who is UK ordinary resident as well will be liable to UK taxes on any overseas income and/or capital gains if the income and/or gains are brought into to the UK, i.e. if the income and/or gains are remitted to the UK. This rule is called the ‘remittance basis’.
    iii) The ‘remittance basis’ also applies to Irish or Commonwealth individuals for any overseas income or gains if they are UK resident but not UK ordinary resident.
    iv) A non UK resident non ordinary UK resident will still be liable to UK income tax on any UK sourced income. Such a person would avoid all capital gains tax on worldwide assets though, unless the assets are used in UK trade of course!
    v) Whatever your domicile is, was or you would like it to be...for UK IHT purposes the tax man can still deem you to have been UK domiciled at death and tax your estate’s worldwide assets accordingly!

    So, how can you change your status?

    Changing Your Residence Status

    To change your residence status to that of non-UK resident and not ordinary UK resident can be fairly simply achieved...


    bla bla bla..

    you get the general idea.. look up on google or something to find the article

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