Dual Contracts spell DOUBLE TROUBLE HMRC proposes new legislation on the taxation of dual contracts used by non-domiciles. In his autumn statement the Chancellor, George Osborne, announced plans to curb tax avoidance using ‘dual contracts’. Dual contracts are a common technique where an employee working for an international employer has several contracts with different group…Details
5th December 2013 This is an autumn statement with very few big surprises. The Government has little spare cash to give away and many of the tax changes have already been announced. Here is our synopsis of the most significant tax changes for our non-dom clients and their service providers. Personal Tax As promised in…Details
Today we will be publishing our response to the Chancellor’s Autumn Statement and news on how our clients may be affected.
There is an extraordinary anomaly when it comes to the taxation of capital gains on UK property. This is because foreign investors are not subject to Capital Gains Tax at all, while UK resident individuals are. At first glance this seems unfair, and there have been recent articles in the press which suggest that George…Details
In the current climate, being tax compliant is very much “on trend”. This fits perfectly with HMRC’s natural desire to collect the correct amount of tax and so give them the moral justification to enquire into a taxpayer’s returns. Certainly, no one wants to be found to be on the wrong side. But are HM…Details
Taxation of High Value Residential Property The Budget on 22nd March 2013 proposed a new annual charge and an extension of Capital Gains Tax to certain ‘non-natural persons’ owning residential property with a value in excess of £2 million, alongside an increase in the stamp duty land tax (“SDLT”) rates. Finance Act 2013 was granted…Details