Offshore Companies
Offshore companies can invest in UK properties and in properties almost anywhere in the world. However in order to enjoy the benefits of no or low tax care has to be taken to ensure that management of the company is always offshore. This means that you need to use a properly regulated Fiduciary, Trustee, Corporate Service Provider or Trust Company to act as director and shareholder. This can cost a few thousand pounds a year but has the potential to save you a lot of tax.
This is a complex area but one in which James Green & Co have a wealth of experience so do please contact us if you wish to discuss this in greater depth. Some of the matters which have to be taken into account are, which country you were born in, which one you now live in, and which country the property is located in.
Although a useful structure for minimising taxation there are drawbacks when used as a vehicle to invest in property, the main one being that most lenders are unwilling to offer more than 75% loan to value.
To consider the pro's and con's of using an offshore company please visit the following site: AR Corporate Offshore Companies.
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