Non-Reporting Funds and Rebasing

Posted at 3:35 pm on February 1, 2017 by John Kavanagh

Non-Reporting Funds and Rebasing As our previous blog posts outlined, there are substantial changes to the taxation of long-term resident UK non-domiciliaries which take effect from 6 April 2017. The announcement in March 2016 that non-domiciled individuals who will become deemed domiciled for income tax and CGT purposes on 6 April 2017 would be able to… Continue reading

Carried Interest – when it arises and how much is the UK gain?

Posted at 9:34 am on January 27, 2017 by John Kavanagh

Carried interest – when it arises and how much is the UK gain? Our previous blog article on the new rules for the taxation of carried interest looked at their general impact on investment managers, including the introduction of the concept of income-based carried interest (“IBCI”) and the rule that carried interest that is not… Continue reading

Carried interest, co-invest and tax planning

Posted at 12:45 pm on August 9, 2016 by John Kavanagh

Carried interest, co-invest and tax planning The new rules affecting the compensation of investment managers have now come into full effect. The changes Broadly, these are as follows: Carried interest now falls into one of two categories; Income Based Carried Interest (“IBCI”) which is subject to income tax and NIC, and carried interest which is… Continue reading

Some tax avoidance schemes do work

Posted at 2:13 pm on April 14, 2016 by John Kavanagh

Some tax avoidance schemes do work… “Some tax avoidance schemes do work. They avoid tax by adopting a legitimate, justifiable and commercially sensible structure to achieve a result which could be achieved by other legitimate and justifiable means. Where, however, that structure is artificial or has no purpose other than the avoidance of tax, it… Continue reading

Thinking of incorporating your residential lettings business?

Posted at 12:19 pm on December 16, 2015 by John Kavanagh

Thinking of incorporating your residential lettings business? The recent budget changes to mortgage interest relief have focused a lot of landlords’ minds on the potential benefits of running their businesses through a limited company. Companies pay tax at much lower rates than individuals and there are no restrictions on the deduction of mortgage interest. Individuals… Continue reading

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