Hello, I operate a ltd company that employs only myself - I am an IT contractor and this is a standard setup.
I am interested in setting up a swiss holding company which would then own the UK company.
The Swiss Holding co would then charge the UK company for use of its IP or anything really - the idea being to ensure there is no profit in the UK company and hence no corp tax. The Swiss HC would pay corp tax on its profits in Switz
After money has built up in the Swiss company I was planning to become swiss resident for tax purposes and close the company up - I assume these gains are classified as Capital Gains and as such Switz has no CGT on such earnings.
A few questions:
Is this setup feasible? I feel I may have missed something important
Can the swiss holding co buy shares of the existing UK Co to hold it - or does a new UK co need to be set up and owned by the Swiss HC.
Is swiss tax resisdency really as simple as having a work permit for Switzerland? (as I have read).
My current accountant is UK based and not particulary helpful with international matters.
Thanks for any help!
- Home
-
Tax News
- Budgets and Autumn Statements
- Income Tax
- Business Tax
- PAYE and Payroll Taxes, National Insurance, NICs
- Company Taxation
- Savings & Investments, Pensions & Retirement
- Capital Gains Tax, CGT
- Property Taxation
- Inheritance Tax, IHT, Trusts & Estates, Capital Taxes
- Tax Investigations & Enquiries
- VAT & Excise Duties
- Stamp Duty, Stamp Duty Land Tax, SDLT
- International Tax
- HMRC Administration, Practice and Methods
- Professionals in Practice & Industry
- General
- TaxationWeb
-
Tax Articles
- Budgets and Autumn Statements
- Income Tax
- Business Tax
- PAYE and Payroll Taxes, National Insurance, NICs
- Company Taxation
- Savings and Investments, Pensions and Retirement
- Capital Gains Tax, CGT
- Property Taxation
- Inheritance Tax, IHT, Trusts & Estates, Capital Taxes
- Tax Investigations & Enquiries
- VAT & Excise Duties
- Stamp Duty, Stamp Duty Land Tax, SDLT
- International Tax
- HMRC Administration, Practice & Methods
- Professionals in Practice & Industry
- General
- Tax Tips
-
Tax Forum
- Income Tax
- Business Tax
- PAYE and Payroll Taxes, National Insurance, NICs
- Company Taxation
- Savings & Investments, Pensions & Retirement
- Capital Gains Tax, CGT
- Property Taxation
- Inheritance Tax, IHT, Trusts & Estates, Capital Taxes
- Tax Investigations and Enquiries
- VAT & Excise Duties
- Stamp Duty, Stamp Duty Land Tax, SDLT
- International Tax
- HMRC Administration, Practices & Methods
- Professionals in Practice & Industry
- General
- Tax Jobs
- Get in Touch