Outward Company Migration

Outward Company Migration

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A UK Limited Company (dormant) sole asset is a plot of land held in the Caribbean. The company holds all necessary Alien licenses for the land and therefore it likely to be cost prohibitive to separate the land from the company. This comany is joint owned by husband and wife. The owners of this company wish to retire abroad and will have no UK assets. They wish to take steps now that will in the future reduce both their corporate and personal tax liability. One option would be to migrate the company overseas. In the short term it may be difficult to demonstrate that control was from outside the UK. However in the longer term on retiring abroad this could be readily demonstrated.

Any comments would be gratefully appreciated on:

(a) The strategy of outward migration

(b)  Alternative strategies

(c)  Recommendations for professionals that may be able to assist with either reviewing and developing a suitable strategy but importantly being able to execute the strategy.

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By anthonymellor
29th Apr 2011 10:37

consider crystallisation of CGT on migration

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