cryptohunter
Active member
- PPF Points
- 2,568
Offshore companies may be subject to UK corporation tax on UK property rental income, depending on the specific circumstances of the company and the nature of its activities in the UK.
In general, offshore companies that carry on a trade or business in the UK, either through a permanent establishment or through a dependent agent, may be subject to UK corporation tax on any profits arising from that trade or business, including rental income from UK property.
On the other hand, if an offshore company is not carrying on a trade or business in the UK and the rental income is not considered to be "remitted" to the UK, it may not be subject to UK corporation tax.
It is important to seek the advice of a tax professional or financial advisor to determine the specific tax implications for an offshore company in relation to UK property rental income.
In general, offshore companies that carry on a trade or business in the UK, either through a permanent establishment or through a dependent agent, may be subject to UK corporation tax on any profits arising from that trade or business, including rental income from UK property.
On the other hand, if an offshore company is not carrying on a trade or business in the UK and the rental income is not considered to be "remitted" to the UK, it may not be subject to UK corporation tax.
It is important to seek the advice of a tax professional or financial advisor to determine the specific tax implications for an offshore company in relation to UK property rental income.
