Home
Our Services
Who We Are
Links
Our contact Details:
info@ingletonpartners.com
Tel: +44 (0) 207 183 2251
Fax: +44 (0) 207 681 4489
Office Address:
26-28 Hammersmith Grove
London, W6 7BA
Registered Address:
Berkeley Square House
Berkeley Square
London, W1J 6BD
Our Services
Who We Are
Links
Our contact Details:
info@ingletonpartners.com
Tel: +44 (0) 207 183 2251
Fax: +44 (0) 207 681 4489
Office Address:
26-28 Hammersmith Grove
London, W6 7BA
Registered Address:
Berkeley Square House
Berkeley Square
London, W1J 6BD
UK Tax Returns
At Ingleton Partners we prepare UK Tax Returns for both UK residents and non residents, those that are UK domiciled and those
that are not. We see the process of filing a tax return as more than a means to meet your filing obligations but a chance to
review your assets and investments and assess their tax efficiency.
For those who consider themselves domiciled outside of the UK a swathe of new rules were introduced in the Finance Act 2008 that generally require you to file a tax return if you wish to make a claim for the remittance basis and shield your overseas income and gains from tax.
In addition, for those non-dom individuals who have been tax resident in the UK for any part of seven out of the previous nine tax years the £30,000 remittance basis charge will apply unless they choose to be taxed in the UK on the arising basis i.e. subject to world wide taxation. From 6 April 2012 this charge will rise to £50,000 for those individuals who have been UK resident in at least 12 of the previous 14 tax years
We can assist individuals in considering their domicile, deciding whether they can claim the remittance basis or automatically qualify and for those long term residents establish whether it is beneficial to pay the £30,000 / £50,000 charge.
Where it is more beneficial to file on the arising basis, our experience of UK domiciled taxation allows us to understand the complications of reporting foreign income and gains. In particular, the impact of offshore investment accounts, foreign funds, partnerships and companies, foreign exchange gains on non sterling currency accounts (to be repealed from 6 April 2012) and for US taxpayers the interaction with US taxes.
Finally, we have experience assisting tax payers whose UK tax filings are delinquent or have been previously incomplete, particularly as it relates to international tax affairs. We can bring your UK affairs into order and advise on the suitability and efficiency of the Lichtenstein Disclosure Facility (LDF) as one option to compliance. For further information relating to making UK disclosures, letters received from offshore financial institutions or the LDF please do not hesitate to contact us.
For those who consider themselves domiciled outside of the UK a swathe of new rules were introduced in the Finance Act 2008 that generally require you to file a tax return if you wish to make a claim for the remittance basis and shield your overseas income and gains from tax.
In addition, for those non-dom individuals who have been tax resident in the UK for any part of seven out of the previous nine tax years the £30,000 remittance basis charge will apply unless they choose to be taxed in the UK on the arising basis i.e. subject to world wide taxation. From 6 April 2012 this charge will rise to £50,000 for those individuals who have been UK resident in at least 12 of the previous 14 tax years
We can assist individuals in considering their domicile, deciding whether they can claim the remittance basis or automatically qualify and for those long term residents establish whether it is beneficial to pay the £30,000 / £50,000 charge.
Where it is more beneficial to file on the arising basis, our experience of UK domiciled taxation allows us to understand the complications of reporting foreign income and gains. In particular, the impact of offshore investment accounts, foreign funds, partnerships and companies, foreign exchange gains on non sterling currency accounts (to be repealed from 6 April 2012) and for US taxpayers the interaction with US taxes.
Finally, we have experience assisting tax payers whose UK tax filings are delinquent or have been previously incomplete, particularly as it relates to international tax affairs. We can bring your UK affairs into order and advise on the suitability and efficiency of the Lichtenstein Disclosure Facility (LDF) as one option to compliance. For further information relating to making UK disclosures, letters received from offshore financial institutions or the LDF please do not hesitate to contact us.
US Tax Returns
Global Expatriate Tax Services
Tax Planning
US Disclosure