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New queries, issue 4480

02 December 2014
Issue: 4480 / Categories: Forum & Feedback

Cuban company; Staff supplies; Sliced and diced; Rollover relief

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Cuban company

Tax-efficient payment of dividends from a Cuban subsidiary to UK parent company

We act for a UK company that provides services in the banking and financial services sector. The client owns 50% of the ordinary shares in a Cuban company that operates in the same sector in Cuba.

The other 50% is owned by local individuals and corporates who are not connected to our client. Both of the companies have been making reasonably good profits.

We...

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