UK tax implications of working and living abroad / Capital allowances
Available on these dates:
You can book this course by using the booking form above. The booking will be confirmed by e-mail.
Course contents
Capital allowances and business incentives
The course provides a comprehensive guide to the capital allowances legislation and the impact on SMEs. The course includes:
Review of capital allowances - Different type of pools
- Annual investment allowances
- Key dates and their impact on capital allowances
- Short life assets
- Enhanced Capital allowances
- The end of Industrial Building Allowances
- Treatment of cars and vans
- Capital vs revenue issues
- Other business incentives such as research and development, goodwill, websites and software
- Tax planning opportunities with capital allowances
UK Tax implications of working and living abroad
As more clients consider living or working outside the UK, the tax implications of such a move are vitally important. The course covers:
- Definition of residence and domicile
- Tax-planning opportunities for non-domiciles and periods spent abroad
- Tax treatment of offshore investments and properties
- UK employment contracts when working abroad
- Planning for departures and timing of return visits
- CGT implications
- Transfer of assets abroad
- Tax exemptions and reliefs
- Interaction with IR35 for contractors
- Tax consideration of the principal residence while abroad
- Remittance basis
- Rental income and other UK-based income derived during the period abroad
- Amnesties
- Companies trading abroad either as subsidiary or a branch
