News

More Change for UK Property Owners

in News. Posted 8th March 2019
Capital Gains Tax (CGT) From 6 April 2019 the non-resident capital gains tax regime is being extended to charge non-residents to CGT on all UK immovable property including commercial property.  This will apply to gains accrued after 6 April 2019 and extends legislation that was introduced from April 2015 on UK residential property. The default ...
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Annual Tax on Enveloped Dwellings Regime

in News. Posted 8th March 2019
The Annual Tax on Enveloped Dwellings (ATED) regime applies to UK residential properties worth more than £500,000 held by non-natural persons (including companies). ATED can give rise to additional stamp duty land tax on purchase and capital gains tax costs on disposal.  It also includes an annual charge based on the value of the property. ...
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UK Income Tax for Non UK Residents

in News. Posted 8th March 2019
A new regime will apply a UK income tax charge to certain receipts of non-UK resident persons from 6 April 2019. This income tax is being introduced instead of the proposed royalty withholding tax, following representations during the consultation. The income tax will apply where a company in a low-tax jurisdiction receives income from intangible ...
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Crowe Global reports record year

in News. Posted 4th February 2019
    Global revenues jump 14% Revenue passes $4 billion in new CEO’s first year For over 100 years, Crowe has been making smart decisions for multinational clients working across borders. Ranked the eighth largest accounting network in the world and the sixth largest accounting network in Asia, Crowe has over 200 independent accounting and advisory ...
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New IoM Company substance legislation

in News. Posted 1st February 2019
New IoM Company substance legislation effective for accounting periods starting on or after 1st Jan 2019 The Income Tax (Substance Requirements) Order 2018 has amended the Isle of Man Income Tax Act 1970 to impose requirements on Manx tax resident companies who receive income from geographically mobile business activities to demonstrate they have adequate substance in the Isle of ...
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Island prepared for ‘No Deal’ Brexit

The Cabinet Office have issued a statement . The With the ongoing debate surrounding the outcome of the Brexit negotiations, there is heightened interest in ‘No Deal’ preparations being made in the UK. Chief Minister Howard Quayle MHK said: ‘The interests of the Isle of Man have been strongly represented in discussions with the UK ...
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