Business Investment Relief

An individual who is taxed on the remittance basis who brings foreign income or gains into the UK to invest in a qualifying company can, subject to various conditions, do so without incurring a charge to tax.

Understanding Business Investment Relief

The rules surrounding Business Investment Relief are complex and there are various qualifications and conditions that need to be satisfied. For example, the funds invested must be taken offshore again in a relatively short timeframe in the event of a return of value to the investor.

In this context, a qualifying company is, broadly, one carrying on a commercial trade or that is preparing to do so.

At Ritchie Phillips we have extensive experience advising in relation to Business Investment Relief claims and how best these can be structured from a UK tax perspective. Please get in touch if you would like to discuss either Business Investment Relief or other taxation issues arising from your affairs.