Minimising Offshore Withholding Tax
Who needs it?
Offshore companies with property assets in the UK from which they are receiving rental income.
What is it?
Non-resident companies holding property assets in the UK as investments will be receiving rental income which is taxable at the current income tax rate of 21%, such tax is withheld by the UK before the rental income is attributed to the offshore investors. However, many of these companies are unaware that capital allowances can be offset against withholding tax.
Capitus provides a claim preparation service and advice service for companies resident offshore.
Please call 0121 447 8388 or e-mail enquiries@capitus.co.uk for queries on any of our services. We will personally get back to you. Our initial advice is free!
