Property registered to overseas company liable?

[obaydi]

I have a company registered overseas and I wish to purchase some property in the UK.
Will I be liable for any taxes such as Stamp Duty in the UK? Or will I simply be subject to the laws governing my overseas country?
Thanks
Ali

[Taxbar]

I am assume you are either resident overseas or are UK Resident but Non-Domiciled.

if so you can buy UK property via an Offshore Company that is not run from the UK.

You will pay stamp duty as all purchasers do and you will be liable for UK tax on rental income at 22%.

There are ways of reducing this and any other tax exposure, but you need proper advice.

Daniel M Feingold
Barrister-at-law (NP)
Strategic Tax Planning
International & UK Tax Consultants
 
Treen House 72 Park Road,
Prestwich Manchester M25 OFA

E-mail: sedrate @easynet co.uk

[obaydi]

what if the property was purchased by someone non-resident and non-domicile?
thanks
ali

[Taxbar]

They will also want to consider an Offshore Company and possibly a Trust.

Any adviser needs more information and to undersandyour investment objectives and the value involved

Daniel Feingold