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A quick post to say that we have again managed to structure an investment for a non-UK domiciled individual’s foreign income and gains such that it qualified for the valuable Business Investment Relief (BIR). This allows such funds to be used in the UK without triggering a taxable remittance.
In this case, the qualifying investment – which was made in to a UK property company – was made via the client’s non-UK company. Do not forget that an investment through a client’s non-UK structure may also qualify for the relief.
For more information on this please see our earlier article.
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