Offshore Companies Holding UK Property From 2013

Buying UK property via an offshore company has traditionally been attractive for a number of reasons.

These include:

• A CGT exemption on disposal
• An Inheritance Tax exemption for non UK domiciliaries
• To preserve privacy
• To avoid the need for UK probate
• SDLT savings on the onward disposal

There are however a number of changes to the tax treatment of UK and offshore companies owning UK residential property from April 2013 where the property value exceeds £2 Million.

In this book we look in detail at precisely how offshore companies owning UK property are taxed both before and after April 2013. This book is updated for the latest January 2013 changes.

We look at all of the UK tax planning implications of using offshore companies for UK holding UK property and assess to what extent this is still a worthwhile tax planning strategy.

About the Author

Lee Hadnum

The Author of "Offshore Companies Holding UK Property From 2013" is our Editor, Lee Hadnum. Lee is a rarity among tax advisers having both legal and chartered accountant qualifications. After qualifying a prize winner in the Institute of Chartered Accountants exams, he also went on to become a chartered tax adviser (CTA).

He worked in Ernst & Youngs Entrepreneurial Services department for a number of years before setting up his own tax planning practice. He is now a full time tax author.