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THE WORLD AFTER GAINES-COOPER
10-21-2011, 06:00 AM
Post: #1
THE WORLD AFTER GAINES-COOPER
The taxpayer has lost his appeal in the Supreme Court:

GAINES-COOPER ARTICLE

Following this, many UK passport holders who think they are 'non resident' for tax purposes my now in fact be taxable on their world wide earnings.

Example: Mr Smith has an apartment in Monaco. He lives there, apart from occasional visits to the UK: but never more than 90 days a year. He has a house in the UK, or his children go to school there, or other UK connections.

HMRC will now argue that Mr Smith is UK tax resident. This is bad news for expats. But good news for Baxendale Walker wealth planning: now you need it even if you can feel the sun on your back !
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04-16-2013, 12:01 AM
Post: #2
RE: THE WORLD AFTER GAINES-COOPER
Prospect has moved to IOM, he is severing all ties with UK, sold his house wound up his company. He has set up Newco in IOM, in the not too distant future he will receive circa £5.0m from the share sale of a business of which he acts as Company Secretary. Prospect is concerned about IHT and tax in general, can you offer a solution to protect the pending cash?

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