Recent content by aragon

Although the bank transfer might go directly to the UBO, the UK holding is in an active state, and the funds are recorded as income in the holding company's journal, which is then audited as such and subject to UK company taxation.

Only corporate income tax. Thanks for your input!

Hello! I just saw that HMRC is closing its online filing service next year. Business owners will be required to use "commercial software" to file their tax returns after 31 March 2026. Is anyone already using commercial software to submit their returns? I'm trying to find the cheapest/easiest...

How do you reach this figure? In my experience a Malta company can be maintained for about €2.2k per year. That includes audit, tax return, legal address, and annual return. Add a UK holding for about €300 per year.

I don't see how this transaction can be considered for capital gains tax. Buy and sell within 3 months? That sounds more like a managed trade, ie. normal income from trade. Is that allowed activity for holding companies in the UK? If so I can't see it being taxed as capital gains, rather just as...

If you are the company director, you can spend from any personal account and expense it to the business. The spend becomes a loan to the business, and the business refunds you personally through a bank transfer from its business account to your personal account. Obviously the expenses have to be...

Same! Thank you for sharing what you have so far.

No it hasn't been. Kraken doesn't do this even now. Evidently not given the OP's information, and my knowledge that Kraken also doesn't use OpenPayd. Where do you get your info?

No, this view of yours: Specifically I've never seen a formal requirement for "full tax and social security on 35k income to you by your company".

Can you cite an official Maltese information source that supports this view?

Only if you earn over €35k in a year. Your tax liability is then €5k regardless of how much over €35k your foreign income was. Yes, that is a remittance to Malta. Who is buying the house/car? The OP or the Estonian company? Two different entities. One is tax resident in Malta where the...

Do you have any references to this 17 year non-dom regime as it pertains to Malta? I've never heard of such a time limit to Malta's non-dom regime.

@TurnedToRobot2 What do you think of Russia's tax code so far, and have you reached the stage of having to submit your first tax returns?

I guess it won't be long until the EU suspends Georgia's visa-free entry policy.

Interesting idea. Is anyone planning to do this, or already did it during a past bear market? FYI, there's a new stable coin: USDe aka Ethena. Has anyone considered it yet?