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. This relief will, with some modifications, continue under the new residence-based regime for investments made prior to 5 April 2028.
Understanding Business Investment Relief
The rules surrounding Business Investment Relief are complex and there are various qualifications and conditions that need to be satisfied.
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 to structure these 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.