I have recently been asked to act for a client who is non-resident and non-domiciled in the UK. He has acquired a buy-to-let property in the UK but the property itself is owned by a British Virgin Islands registered company. He is the only director and shareholder of that company.
As far as I can see there should be no tax liability in the UK because the company is managed and controlled abroad and he himself has no connection with the UK other than with this property. He is convinced that there is a UK tax liability and has asked me to make the appropriate returns to HMRC.
Assuming that he is right what form or return needs to be made to the UK tax authorities and what period would be covered by such a return?
Query 17 525 – Bemused
Reply from JCS
Payment of rent...
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