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UK Fact-File Part 4:
Individual Business Tax-Efficient Structures

4.1 UK Individual Business Trusts and Foundations

Other than charitable trusts (see below) and the lower rate of Corporation Tax available to SMEs (see section 2.3), there are now no particular structures that can be described as tax-efficient.

A charitable trust is a tax-efficient vehicle to reduce tax liability. Donors can reclaim tax on the value of their donations and any income from investments will be exempt from tax. There is no corporation tax or inheritance tax and it is very unlikely that a trust will have to register for VAT. A charitable trust is a legal entity in its own right and can be established by any individual or company. However, this type of vehicle is unlikely to be of interest to small businesses or self-employed individuals.

 


 

Introductory Guides

Brief, clearly written summaries with links to relevant sections of the Fact-File. The Fact-File itself is linked in full below.

 

Fact-File

Part 1: UK Business Formation for Individuals

  1. UK Individual Business Structures
  2. UK Individual Business Registration
  3. UK Individual Business Registration Cost
  4. UK Individual Business Licensing
  5. UK Foreigners in Business
  6. UK Business Organisations
  7. UK Business Accounting
  8. UK Family Business Ownership
  9. UK Venture Capital
  10. UK Individual Business Franchises

Part 2: UK Individual Business Domestic Taxation

  1. UK Individual Business Tax Residence Rules
  2. UK Permanent Establishment
  3. UK Individual Income Tax Rates and Bands
  4. UK Personal Allowances and Business Deductions
  5. UK Husband and Wife Partnerships
  6. UK Partnership Income Taxation
  7. UK Limited Companies Income Taxation
  8. UK Business Profit Retention
  9. UK Business Losses
  10. UK Value Added Tax (VAT)
  11. UK Individual Business Capital Gains Tax (CGT)
  12. UK Individual Business Other Taxes
  13. UK Individual Artists Royalties
  14. UK Individual Business Tax-Efficient Profit Distribution

Part 3: UK Individual Business International Taxation

  1. UK Individual Business International Tax Liability
  2. UK Individual Business Withholding Taxes
  3. UK Double Tax Treaties

Part 4: UK Individual Business Tax-Efficient Structures

  1. UK Individual Business Trusts and Foundations
  2. UK Individual Business for Non-Residents
  3. UK Individual Business use of Offshore
  4. UK Controlled Foreign Corporation (CFC) Rules
  5. UK Personal Estate and Inheritance Planning

Part 5: UK Small Business Incentive Programs

  1. UK Small Business Support Schemes
  2. UK Training Incentive Schemes
  3. UK R&D Tax Credits
  4. UK Individual Business Tax Holidays

Part 6: UK Individual Business Employment Issues

  1. UK Individual Business Employer Responsibilities
  2. UK Employment vs Self-Employment Tax Issues
  3. UK Apprenticeship and Work Experience Schemes
  4. UK Employee Dismissal Rules
  5. UK Business Owner Employment and Invoicing Rules

Part 7: UK Business Owner Welfare and Lifestyle

  1. UK Business Social Security
  2. UK Business Domestic Pensions
  3. UK Offshore and International Pensions
  4. UK Individual Business Healthcare
  5. UK Individual Business Banking Services
  6. UK Education
  7. UK Individual or Business Leaving UK
  8. UK Domestic Real Estate
  9. UK International Real Estate