Rejoice – see why the UK’s Aaa Rating is here to stay

by Admin on February 15, 2012

in Uncategorized

Bookie’s always know best – everyone knows that…(don’t they ?) This arrived in my inbox this morning so I thought we should ‘spread the love’ by sharing it with you… PADDY POWER PRESS RELEASE BOOKIE UNMOVED BY MOODY’S NEGATIVE UK OUTLOOK (15 Feb 2012) The UK need not despair following news today that credit-rating agency [...]

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Ever wondered why the European banking system is in such serious trouble ?…

by martin on October 30, 2011

in Belgium, Countries, Musings

Between 2006 and 2008, Dexia, the now troubled Belgian bank, lent Euro 1.2 Billion to its 2 largest institutional shareholders who then used the money to invest in Dexia’s own shares thus recapitalising the bank ! Astonishingly, this wasn’t against Belgian law (at the time) – although it would have been in most other jurisdictions. [...]

Tagged as: Banking, Financial Crisis

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Are you a Politically Exposed Person (PEP) ?

26 October 2011

Isle of Man Financial Services legislation requires that Manx Financial Institutions undertake ‘enhanced’ due diligence on ‘Politically Exposed Persons’ (PEPs). The definition varies from jurisdiction to jurisdiction. There is quite a useful explanation here on Wikipedia. Sometimes it is assumed that all people in the public eye – such as celebrities and other well known [...]

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Isle of Man – quick and cost effective property fund establishment

23 October 2011

There are real advantages to structuring ownership of UK situs real estate though an offshore centre. This is especially true where the beneficial owner is an investment fund or a non UK resident and / or non domiciled individual. Unlike most jurisdictions – in the UK there is no de-facto tax charge arising on gains  [...]

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EU Savings Tax Directive – and the Isle of Man – questions you were afraid to ask.

28 September 2011

On 24 June 2009 the Isle of Man Government announced that with effect from 1July 2011 the Isle of Man would adopt Automatic Exchange of Information under the EU Saving tax directive. This means that after 1 July 2011, Isle of Man banks are required to submit a report which includes information about interest paid [...]

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IRISH COMPANIES AND THE 0% AND 12.5% CORPORATION TAX RATE

27 September 2011

Irish trading companies enjoy one of the lowest rates of corporation tax of the mainstream EU countries at 12.5%. With the EU parent subsidiary directive applying in Ireland as well as Ireland having a very well developed network of double taxation agreements Irish companies offer very attractive levels of taxation in terms of international trading [...]

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Planning for Non UK Domiciled Individuals

22 September 2011

The UK tax regime for UK resident but non UK domiciled individuals as it currently stands remains attractive. The main benefits of the UK’s regime is deferral of capital gains tax and income tax charges on certain profits arising outside the UK as well as freedom from UK inheritance tax in certain circumstances. Some of [...]

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Non-Resident Landlord Scheme – explained

20 September 2011

Background: The Non-resident Landlords Scheme is a scheme for taxing the UK rental income of non-resident landlords. The scheme requires UK letting agents to deduct Basic Rate tax from any rent they collect for non-resident landlords unless the agent has authority to pay the particular landlord his rental income gross (without deduction). Non-resident landlords: Non-resident [...]

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The Private Trust Company

19 September 2011

Clients often discover that large corporate trustees are more concerned about their own policies, procedures and liabilities than the interests of their clients and they become inflexible as a result. At best, this is frustrating for the client. A Isle of Man Private Trust Company provides an international family with a cost effective structure which [...]

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IRELAND, THE PREMIER ONSHORE JURISDICTION

17 September 2011

Ireland has for many years provided a niche service to international companies as a country from which to base their European operations. Ireland’s relatively straightforward tax system together with its well-educated work force, excellent infrastructure, excellent transport links and close location to mainland Europe puts it ahead of many other jurisdictions. With the current international [...]

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