The SCF Group Logo Premier Tax Planning Solutions for individuals & corporates Full management

 

Property Companies
In certain circumstances there are significant tax advantages in having properties held by appropriate domestic and/or offshore mechanisms. For example, for non-domiciled individuals in the UK, a local company owned in turn by a tax-free company can legally avoid all capital gains taxes. The reason for this is that "shares" are considered "moveable" property under British law and capital gains realised by a non-domiciled individual through his or her interest in the offshore 'tax free' company is not a British taxable event unless the gains are directly remitted.


Further, by using appropriate tax treaties it may also be possible to arrange "back-to-back" loans to virtually eliminate domestic tax liability on rental payments. In respect to Continental property acquisitions, even in jurisdictions such as France, Spain and Portugal is also possible - with correct planning - to avoid CGT or equivalent taxes and various property acquisition duties (which are extremely high in the case of France) by using double taxation treaties/companies. However, whilst Britain and Portugal have very favourable tax laws especially for non-domiciled individuals, the French fiscal system always demands local professional advice

Read more:


   

Major Tax Systems: France - Germany - Spain - The United Kingdom

Location | Banking Details | Standing Order | Client Questionnaire | Order a brochure | Transfering Your Company Administration

General Terms & Conditions | Privacy Policy | Site Map | Newsletters | HTML Version | Ready Made Companies | SCF Publicity | Links


© SCF Legal & Corporate Management Services Limited (2008)


SCF Legal & Corporate Management Services Limited A Company registered in England & Wales with a registered office address located at:

3 The Fountain Centre, Lensbury Avenue, Imperial Wharf, Fulham, London, SW6 2TW

Certificate Number 05462416 - VAT Number 859 0235 14