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Where Taxpayers and Advisers Meet

offshore company or not

notaxman
Posts:2
Joined:Sun Mar 10, 2019 5:09 pm
offshore company or not

Postby notaxman » Sun Mar 10, 2019 5:29 pm

Thoughts welcome on the following please.

I live in the UK
I provide consultancy to a Canadian angel investor for technology companies.
We're about to invest in an Israeli company that may deliver significant returns in about 2 years.
I work for free (expenses only) and will be paid if we achieve projected returns on the sale/ipo of the company.

To legally minimise UK tax what is the best company set up?
I am not looking to do anything that isn't 100% compliant with UK tax law.

Should I just do this through my UK company and pay corporation tax and then income / dividend tax
Should I set up an offshore company in a zero tax environment and only pay tax on money returned to the UK as income / dividend
Any other thoughts welcome

wamstax
Posts:2019
Joined:Wed Aug 06, 2008 3:39 pm
Location:Operate Nationally but based in Aberdeen
Contact:

Re: offshore company or not

Postby wamstax » Sun Mar 10, 2019 11:34 pm

Hi there
The offshore company may not be an offshore company for U.K. tax purposes.
If any worldwide company is controlled in the U.K. and therefore resident in the U.K. for Corporation Tax will be just as exposed to a U.K. Tax liability as any U.K. company
regards and hope this helps
http://www.wamstaxltd.com
Operates Nationally with competitive costs
and email and phone contact (mob 07751720507) can be obtained from websites

notaxman
Posts:2
Joined:Sun Mar 10, 2019 5:09 pm

Re: offshore company or not

Postby notaxman » Mon Mar 11, 2019 10:25 pm

Thanks for the answer. That confirms my own thoughts so far.

Any other opinions most welcome of course.


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