Business Investment Relief ("BIR")

Business Investment Relief

Business Investment Relief Introduction – Business Investment Relief Business Investment Relief (BIR) was introduced to promote investment in the UK by enabling UK resident non-domiciled individuals to invest overseas income and gains into the UK, without paying any tax on remitting the income or gains.  Conditions For BIR to apply, 

Top Ten Types of Tax Structures

Introduction – top ten types of tax structures The UK has a myriad of different types of tax structures. These are invariably taxed in different ways meaning it may be more tax efficient to enter into a commercial transaction or an investment through a particular entity. In addition, there are various 

Business Investment Relief: The Chancellor makes work for idle money

Business Investment Relief: The Chancellor makes work for idle money BIR was an attempt by a fresh faced George Osborne, as I recall as part of his emergency budget when the LibCon coalition had just come in to power, to unlock the power of non-doms foreign income and gains. As 

Business Investment Relief (BIR) for non-UK domiciled individuals (non-doms) – a hidden gem?

Business Investment Relief (BIR) for non-UK domiciled individuals (non-doms) – a hidden gem? I had a meeting in London with a Russian domiciled lady which had been organised by a rather large international investment manager. The investment manager had asked me to attend to advise on some possible tax structuring