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Offshore Account-tax benefits

Offshore Account-tax benefits

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Old Jan 27th 2009, 1:09 pm
  #1  
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Default Offshore Account-tax benefits

I am a bulgarian who works
as a self-employed doctor in UK.I use an intermediary limited offshore
company which is based in Isle of Man and which transfers my money back to
UK bank account.I would like to ask you whether I would derive any tax
benefit if I opened an offshore bank account in Isle of Man bank and start
receiving my money in it and not back in UK.I would also like to specify
that I work as a locum doctor in UK,I have been here for two months,I don`t
intend to work here for a long time and have not a permanent address in
UK.So I think I don`t conform to the definition `resident`.
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Old Jan 28th 2009, 3:39 pm
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Default Re: Offshore Account-tax benefits

Originally Posted by tipiti76
I am a bulgarian who works
as a self-employed doctor in UK.I use an intermediary limited offshore
company which is based in Isle of Man and which transfers my money back to
UK bank account.I would like to ask you whether I would derive any tax
benefit if I opened an offshore bank account in Isle of Man bank and start
receiving my money in it and not back in UK.I would also like to specify
that I work as a locum doctor in UK,I have been here for two months,I don`t
intend to work here for a long time and have not a permanent address in
UK.So I think I don`t conform to the definition `resident`.
If you open a Offshore Account in the European Zone it will have to be tied to a country of Residence for Taxation Purposes, Interest is Automatically Taxed and given to that country in question Look Up Offshore Taxation in European Zone

Last edited by Ka Ora!; Jan 28th 2009 at 3:43 pm.
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