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UK Trading Income
UK companies can be used to receive foreign trading income at low or no UK tax cost. Much depends on the circumstances of each particular case, but we can advise and assist clients to minimise quite legitimately their UK tax costs using UK companies. This is relatively straightforward, where the beneficial ownership of the UK company is situated outside the UK, and the trade or business of the UK company is conducted outside the UK.
Example: UK limited liability partnership (LLP)
If all the members of the UK LLP are non-UK resident, it is possible for an LLP to receive non-UK trading income entirely free of UK taxation. This is not tax avoidance, but a consequence of the fact that the UK Parliament has decided that UK LLPs, although corporate in form, should be taxed as partnerships - resulting in no UK tax at entity level.
Jordans Trust Company LimitedFirst Floor
10 Temple Back
+44 (0117) 918 1407
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