The UK has many benefits as a holding company location from a tax perspective. The UK has evolved towards a territorial tax system, with exemption of dividends and capital gains from taxation and no withholding tax on dividends. Recent developments include the introduction of the qualifying asset holding company regime and proposals for a re-domiciliation mechanism to ease the move of companies to the UK. Although tax is just one piece of the puzzle when determining the location of a holding company, the failure to give due consideration to a territory’s tax regime could lead to unexpected costs.
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The UK has many benefits as a holding company location from a tax perspective. The UK has evolved towards a territorial tax system, with exemption of dividends and capital gains from taxation and no withholding tax on dividends. Recent developments include the introduction of the qualifying asset holding company regime and proposals for a re-domiciliation mechanism to ease the move of companies to the UK. Although tax is just one piece of the puzzle when determining the location of a holding company, the failure to give due consideration to a territory’s tax regime could lead to unexpected costs.
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
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