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Properties offshore company

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arabicarabic20 | 16:58 Mon 09th May 2011 | Business & Finance
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Do I declare rent as income if it's an overseas property owned by my offshore company in a tax haven
I have a houses in uk If I set up a company in-for example- the British virgin islands, and transfer ownership to the company, so rent goes to the company (not to me), do I have to declare UK income tax, even if I don't repatriate the money
Is it still 'income' if I've re-invested it in other properties/overseas stocks etc
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Best to ask your tax accountant about it because it is essential to get the flow of monies right in order to mitigate the amount of UK tax one pays. This is not likely to be information you can get for free and, given the stakes involved, I'm sure that you won't begrudge paying for such advice.
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