Family Investment Company vs Trust- Which is Beneficial For You?
This article discusses the growing preference among high-net-worth individuals for Family Investment Companies (FICs) in tax and succession planning, highlighting their advantages over trusts, including deferred inheritance tax, flexible funding options, lower tax rates on income and capital gains, and...
A Complete Guide on Non-Resident CGT (NRCGT) Returns
Non-resident property sellers must file NRCGT returns within 60 days. UK Property Accountants simplifies compliance, covering historical changes, calculation rules, relief options, and temporary non-residence conditions. Understanding reporting obligations is crucial for efficient compliance.
A Complete Guide on Non-Resident Company Tax Return
Non-resident company landlords transitioned to the UK corporation tax regime from April 6, 2020, with accounting periods aligning with financial statements. The tax rate is 19%, rising to 25% from April 1, 2023. Filing the Corporation Tax Return (CT600) within...
Capital Gains Tax – A Complete Guide
Managing capital gains tax is vital for UK property owners, including second homes and buy-to-let properties. Rates depend on factors like asset type and income, with exemptions available. Non-UK residents selling UK property face the NRCGT regime, requiring timely reporting...
