DOUBLE TAXATION TREATIES

DOUBLE TAXATION TREATIES

The income that you receive, or gains made, somewhere other than the UK, may be subjected to tax both in the UK and outside of the UK. To avoid UK residents being taxed twice on the same income or gains, there are a number of double taxation agreements in effect in the UK.

For a business or individual to avoid paying the same tax twice, in the form of double taxation relief, the income or gains received must be accurately calculated and it must be proven that the tax has been paid more than once. As countries have different rates, systems, and exemptions in place for tax, this can be exceptionally complicated.

DOUBLE TAXATION TREATIES SUPPORT

Using the expert services of a trained tax accountant can provide invaluable help in understanding where you stand in terms of double taxation and double inheritance taxation. Our team at The Accountancy Solutions can provide help and assistance with navigating the law and treaties in place, to ensure that you are never faced with the problem of having to pay tax twice for the same earnings.

At The Accountancy Solutions, we can provide advice on double taxation treaties in the following areas:

  • Tax Relief on Discretionary Trusts and Interest in Possession Trusts
  • Double Taxation Relief
  • Double Taxation Exemptions and Deductions 
  • Unilateral Credit Relief
  • Double Taxation on Gifts and Inheritance
  • Double Taxation Agreements

Advice for Double Tax Treaties

While double taxation treaties are in place to help UK residents, they can be very complicated to navigate. Whether you need help with double taxation inheritance tax, getting an exemption or deduction, or require information about the formation of trusts, our team are on hand to provide fully confidential advice in all matters.

For more advice on double taxation treaties, or to book an appointment with a trained tax accountant, don’t hesitate to contact our team at The Accountancy Solutions today.

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