Specialise in Helping High Net Worth Clients Navigate International Tax
If you have business interests in the UK or rent out property, you will be required to file a self-assessment tax return.
Despite being located overseas, if you have UK source income or investments HMRC may still require a self-assessment tax return to be submitted. This may be for residential letting income, in such cases there’s a requirement to be registered with HMRC as a Non-Resident Landlord.
We can work with you to complete your UK self-assessment tax return and minimise your UK taxes. For more information, schedule a call today.
Family Investment Companies (FIC)
A family investment company can be a great alternative to a trust when structuring the family wealth. Due to the wide-ranging suitability of a FIC, the company can be structured in a variety of ways to suit the family. Most often a FIC will be established by the older generation to invest proceeds and provide for future generations.
Example
Many Entrepreneurs are choosing to be based in Dubai due to lower crime, more sun, more networking opportunities with entrepreneurs and much lower taxes
Relocating overseas to reduce taxes can be an attractive prospect, however care must be taken.
Overseas tax planning is a complex process, which requires careful consideration of the various options available, such as an overseas trust, company, or personal non-residency. Each of these options comes with a unique set of complexities, and it is essential to seek expert advice to ensure that your planning is effective.
When it comes to companies, there are additional considerations to keep in mind to ensure that the company is an overseas resident, and has a legitimate reason to be there. Failing to meet this criteria could lead to HMRC charging the company with corporation tax on its profits.
It is important to note that there is no one-size-fits-all solution to overseas and tax planning. It’s imperative to work with an expert advisor who understand the landscape and can provide tailored advice to suit your individual circumstances, at City & co Accountants and Tax specialists we do just that.
We have extensive experience working with influencers, entrepreneurs, and high-net-worth individuals to structure their income and assets tax-effectively, reducing taxes and increasing privacy.
We provide a full tax planning service taking into consideration the UK and overseas tax issues giving you a step-by-step plan and complete peace of mind.
Where expectations become reality
Business Expansion or Relocation Services
As business expansion experts, we specialize in facilitating smooth transactions for businesses looking to establish a presence in the growing markets of UAE AND SAUDI ARABIA, from discussion to holding your hand along the path to help you set up or fully relocate your business overseas.
Our business expansion expertise specializes in facilitating smooth transitions for businesses seeking to establish a presence in the growing markets of the UAE and Saudi Arabia. We guide you every step of the way, from initial discussions to helping you set up and locate your business overseas, as well as assisting you in accessing available grants and funding.
Specialise in helping high net worth clients navigate international tax
We can help you to form companies in Dubai and Saudi Arabia through our trusted partners
We can review your current position and provide a tax strategy that is tailored and specific to you
We offer a tax consultation Free for 20 minutes to understand your needs and requirements
Are you looking for ad-hoc tax advice? Schedule a one-off consultation.
During the consultation you can cover all of your tax related questions. Typical areas of advice include:
- How to structure UK investments?
- What to consider when relocating overseas?
- How to set up a company in Dubai?
- Setting up a UK group structure
- Incorporation of a property business
- Property development taxes
Price £300.00