Recent content by Eurocash

Thanks for the response. Yes, using the capital I bring here is obviously not taxable, and anything I put into a company as a loan can theoretically be removed again tax free if required as long as there aren't other reasons why this would not be appropriate i.e. preference issues if company was...

So, under the advice of a tax specialist from a respected firm, I have left the UK within 16 days of the new tax year starting. A couple of users actually suggested this to me in a previous thread so, thank you to those users too. I am now in Ireland, where we know the following: -...

Yes, you are correct. It would not be subject to CGT. Current plan is simply to move to Malta and pay 5% effective rate tax on trading income over there

Bear in mind this corporate capital gains, not my personal tax. I have enough cash to live without taking any income for at least 12 months or however long it takes to establish tax residency in a lower tax jurisdiction. I would be likely to apply for the global residency program, 15% personal...

I don't think I'm able to DM you, could you send me a message?

There’s a 4 legged reason I can’t go to the UAE otherwise I’d be on the next flight out. I can get to Malta or Cyprus via plane with my dog without it costing an obscene amount

Really appreciate your response. Definitely gets some thoughts going. Your point about not structuring it in Malta makes sense as if I want to move to Malta, I need the transaction to happen outside of Malta otherwise I’d be in a very similar situation as I am in the UK if it was treated as...

Thanks for the response I’ll ping you a message shortly

Please see my response a couple of messages above, I forgot to reply directly. Not looking for an argument, genuinely looking to weigh up the possibilities. Just to be clear, it’s only this upcoming transaction I’m talking about. I know CGT will be paid on the house sale if I do that

The website can be bought by any new entity I form, yes. The seller does not care about this. Regarding my property, just to be clear, I’m fully accepting of paying CGT on that, I was more alluding to the fact that I am willing to leave the jurisdiction fully and not retain property

I in fact do qualify for residence in Malta, not sure how you can state that I don’t? Agreed on timeline, it wouldn’t be granted in time regardless. No-one is saying HMRC are stupid, and I’m aware of “the basics”. What I am trying to do is figure out if there is a slightly more creative way...

My chances are zero based upon what? My desired location? Any chance you could add something constructive?

Yes, makes sense. The UK Ltd has not really done many transactions so far anyway, so it would work fine as a holding company. I just posted another question in the forum related to capital gains and moving to avoid. Please have a look if you get a minute...

I will soon be involved a transaction which should result in a mid 6 figure capital gain. I am about to acquire a website, and sell it within reasonably quick succession. Both sides of the transaction are lined up and ready to go. Even if the buyer I have in mind doesn’t proceed, I would...

The services are technically “digital goods” but they are treated as services for the purposes of VAT as per the UK rules. I’m guessing/hoping (but will find out) if it’s the same in Malta. Most of my clients are VAT registered, not all, but 17/20 and the 2 or 3 that aren’t only purchase a very...