I would like to invest in UK property and can set up an offshore entity for that matter as I am non-uk domiciled. The management off the company will be in hands of non-uk residents/domiciles.
My question is as follows;
1) If I setup an offshore company and invest in uk property, the offshore entity is subject to a 22% withholding tax. Would I be able to claim the relevant deductions, such as interest finance, wear and tear, on the same rate as uk resident companies to that?
2) As follows, I was thinking that if the offshore entity could charge ONLY the interest to that 22% witholding tax, would it be good to setup a uk ltd, which my offshore company owns the shares. Which means that in the case of my offshore ltd selling the uk ltd branch/office, it will only sell the shares in the uk.
Would this give rise to a CGT when an offshore entity disposes of shares in a UK ltd?
Regards,
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