It seems that no matter how compliant certain jurisdictions try and then become some UK politicians can not get their heads around the idea of competitive tax rates. It’s a strange one because in so many ways the UK offers citizens of the rest of Europe what the Isle of Man, Jersey and Guernsey offer people from the United Kingdom. Don’t even mention UK LLP. These aren’t places where you go to hide, they are simlpy places that offer better tax rates.

There are countries in the world where there are very few natural resources to exploit, little that can be exported in order to support a population. In some cases these places take the choice to offer incentives to individuals and businesses by competing in terms of taxes. This is NO DIFFERENT than 2 shops choosing to set their prices differently and wouldn’t it be a dull world if everywhere was the same? In a global market countries are competing with each other for a finite amount of business, this is the way the world works. The UK in particular has some strange aversion to this notion of competition, especially so since the last Labour government managed to bring the United Kingdom to the brink of doom.

One wonders how long it will be until independent states find themselves rolled back into the UK all in the name of stopping people from legally reducing their tax burden?

Sean Costello has been leading Jersey’s efforts in India and has reported that there is huge interest in wealth management in particular. Jersey is a great gateway for wealthy Indians looking for investment opportunities further afield as well as structured investments. This all bodes well for the future as Jersey are establishing themselves in this massive market ahead of their offshore rivals.

A CSP Will Be Able To Guide You Through The Process Of Buying Property In The UK

The United Kingdom is also a tax haven for non resident individuals and investing in the UK property market through an offshore company can reap amazing tax savings!

The United Kingdom is an excellent location to invest in property – and through an offshore structure the tax liabilities can be reduced – particularly effective if purchasing the property – but also beneficial if transferring your existing property into an offshore ‘umbrella’ structure.

The property will be held in a tax effective jurisdiction (typically a British Virgin Islands or Isle of Man company) and the shares held in Trust for the owner. As the property is owned by an offshore company that is managed and controlled offshore – a number of tax benefits can be applied. The property can also be rented (upon application to the Inland Revenue as a non-resident landlord).

Such benefits of the structure include:

* Zero Capital Gains Tax – on the sale of the property no tax will be paid on the capital gain.

* Zero Inheritance Tax – the property would not pay any inheritance tax in the estate of the ultimate owner.

* Zero Stamp Duty – in certain cases stamp duties on the transfer of the property can also be mitigated.

Income tax arising from the rent of the property may also be reduced against interest paid on a mortgage and other deductable charges.

The structure is suitable for non-domiciled and non-UK taxpayer’s who wish to take advantage of the excellent return of rental income and the potential growth of UK property