Recent content by PeterOS

Hi there. I read you post [FOR EU CITIZENS] Problems when going Offshore - List and you mentioned being a PT and how it was working for you. Were you referring to being a PT as well as owning an offshore company or just being a (self-employed) PT in general? Thank you.

I am more concerned about Cypriot taxes on foreign income from an online IT consultancy service as well as any income derived in Cyprus itself (as an expat resident - see above). I am aware that, as a non UK resident, UK taxes would be payable in the UK on UK rentals. I would be interested in...

Also, why is my above post not appearing in Latest Threads?

I read that for an expat tax resident of Cyprus, tax is levied on all gains or profits from any office or employment in Cyprus or abroad. Foreign-source income from employment is not taxed if the recipient spends at least 90 days in any calendar year outside Cyprus. This is known as the “90-day...

Thanks for your reply and help. HMRC says that the majority of CFCs are set up for genuine commercial reasons and to reduce the compliance burden in applying the rules. They are concerned about diversion of UK profits to low tax territories. It says on their website that the HMRC...

Hi, Martin. Not yet, but I read that people are automatically non UK resident if they spend less than 91 days per year in the UK and are working 35 hours + abroad of which 31 days or less are spent working in the UK. It also says on the HMRC website ( I think) that if you are non UK resident...

Hi and thanks for your reply. If I were not in the UK for more than three months for a number of years, would that be considered as resigning from the UK?

Hi, Martin. If was was to set up an offshore company in the Seychelles, offering an online IT consultancy service and spending no more than 3/4 months in different European countries each year, am I correct in thinking that any tax payments would be payable to the Seychelles? Thanks for your...

Hi. Yes, I am likely going to have to consult an international tax expert if I can't get my head around where I would stand :)

Hi and thanks foryour reply. Initially, I will be earning more from the property lets as the online IT consultancy business is still in its infancy. I was thinking about setting up an offshore company in the Seychelles as it is tax free and registering the online IT consultancy business there...

On www.europa.eu is says the following: you will usually be considered tax-resident in the country where you spend more than 6 months a year you will normally remain tax-resident in your home country if you spend less than 6 months a year in another EU country. Wondering if Cyprus may be an...

Hi there. I am new to this forum and offshore in general and am hoping to learn from others and (eventually) contribute to other posts. I have several properties in the UK which I let out to residential tenants and holidaymakers. I also work as on online IT consultant, offering services...