fbpx

Business Investment Relief for non-UK domiciled persons: Another clearance application to HMRC accepted

Author

Andy Wood

Andy is a practical, creative tax adviser who assists a variety of clients in achieving their personal and commercial objectives in the most tax efficient manner.

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.

 

If you or your clients want to find out more then please let us know.

 

Comments are closed.

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close