【移民英國你要知】英國投資稅務｜英國稅務投資指南｜英國物業稅務指南|物業投資指南｜RickyLee李立基（中文字幕）

structur [Music] so let's start our sharing on some popular questions about property investment in Hong Kong through yeah from Hong Kong and into UK properties so uh one of the most popular questions is um investing through under personal name or under company name what are the differences between on the costing and test implications if under these two kind of Holdings or me yeah sure so there are a lot of people investing into the UK either through their own names or through a a corporation's name so the key differences in tax actually comes with three different ways the first thing is that uh the the UK personal tax rate is slightly higher than the corporation tax rate so the personal tax rate comes in 20% 40% and 45% however on the corporate side the corporation tax is only between 19% and 25% so from that tax cost sometimes it makes more sense to invest into UK properties through a company the second thing is that uh there are restrictions on the deduction of UK or overseas mortgage interest on the properties for example in on the personal side if someone is paying tax at higher rate of 40% that the interest deduction is only restricted to 20% um on the contrast if someone is purchasing the property under a company's name with the same terms on on the mortgage the interest deduction will be 100% so in that sense these investors can save quite a lot of tax cost on using a company and uh the third thing is that uh when you are thinking about uh getting the property the properties out of the company by selling it want to harvest the investment return returns uh the capital gains tax on the UK residential property is either 18% or 28% however for and if you are selling it under a company uh you are basically paying corporation tax on 19 Cent or 25 cent and there might be reliefs in between as well um the other thing is that people sometimes can sell the company as a whole um which will be different and normally if that happens the buyer of the property will pay Le less stem Duty because the stem Duty on the shares is only 0.5% um so it's actually going to save a lot for the buyer in that sense the seller can be able to sell at higher price I see so that in short uh the costing and there cost could be saved and the tax could be minimized if uh if if that is investing under a company structure are there any benefit if that the company is holding under a trust or on the personal name what are the differences in on tax okay so a lot of people ask about whether to hold UK properties under the trust unfortunately um it does not give that much at the moment because the ru has changed in the past so at the moment if you're are trying to hold a UK residential property under the trust it will be straight away subject to 20% of inheritance tax so at the moment most of the clients uh we have will not actually use a trust to hold UK residential properties how about how about investment property investment property if it's commercial property it's not yet included in the um um inheritance tax regime but it's very likely in the future it will be also included so you need to seek professional advice on that so in Hong Kong when we are so investing in a local property we can hold it under single name joint tenant and tenant income is it what happening in in UK can what if uh how to arrange a joint partnership for holding a property yeah actually it uh comes in in in both ways it works exactly the same probably in in in Hong Kong as it is in the UK so you have the joint uh like jointly owned situation so if it's jointly owned the two person have equal rights on the whole property so in that if in that case if one party dies the property will go to the other party automatically and in this situation you can't relieve the property and the will and the the second one is that the second way of having that property jointly owned is through tenant in common if that happens um these two owners can decide how much percentage each party owns and uh it does not go to the other party automatically if one of party passed away so and also you can actually leave the property in the will if it is ten tenanted in common right so it's quite common that the parent one of the parent holding the uh property with their child so any implications on inheritance tests on this Arrangement yes there are quite a few things on that points so basically um if these uh if the parents and the children are tenant in in common in this situation the children will not will will not pay inheritance tax on the share of of the property in his name or her name however other half or other percentage of the property will be subject to UK inheritance tax when the succession happens the other thing which H happens the most is that there are anti- voidance rules on these structure as well because if the parent and has gifted part of the property of the whole property to the kids well they are still enjoying the benefits uh from the proper for example leaving in it then these assets are not actually passed on to the the children at all and if the parents wants to make sure that that property has already passed down from their estate to children they need to pay Market rent to use that property and it's quite common that the parents would like to support their child for their first property so which way is better in terms of costing or tax uh the parent passing cash to the kids and then the kids are having acquiring the property on their own or the parents acquire the property and then transfer the uh they leave their asset uh when they are more mature which will be better in terms of tax and cost um so they it happen both ways we see a lot of clients doing both ways and and they all work uh so uh in the first way if the if the parents gifted cash to the children the cash gifts are normally uh tax-free um so it is easier for the for the children to actually use the funds to buy the property on their own and also they can always to buy uh their their own their first property so the uh sdlt rate is always the lowest in that in that sense the downside of that choice is the parents are giving too much discretion to the to the children where they can decide where to spend the funds uh the second way um it's better in terms of they probably will have more control on the property for a longer period of time before they give that to the children however when you gift it uh the gift the property to the kids you need to have change of the ownership there are some legal proceedings and you have to have solicitors in place to make the change of the entitlement and also in terms of the tax because if the gift is not involving any cash transaction it will be uh uh at the moment holding the capital gains to a later stage so basically the children will inherit the base cost of the property from their parents and then later on when when the children's selling the property he will have a he or she will have a lower base cost uh than the market value when he to when when when the children take over those properties I see so for the second options uh the family have to take the risk on the costing and tax and for the first one they have they may have to uh early lose the control of the of the funding right that's correct I see so uh many family left their properties in Hong Kong either their home or their investment properties they're not selling at the moment because the price is not as good as they expected so uh and then most of the properties are under mortgage so can this kind of mortgage cost maintenance cost let 10 fees be deducted in the uh to go against the rental income yeah there are two layer of layers of the the question to this the first layer is that uh uh if a Hong Kong if a Hong Kong person moves into the UK and uh it still maintain the non-domiciled position so basically unless that person remits the rental income into Hong Kong and he or she will not be subject to you tax at all on that rental income obviously for Hong Kong tax purposes they can deduct um those costs mortgage interest and or other costs um in the second scenario if that person is deemed as a as a doile in the UK meaning that uh the person is taxed on a worldwide basis um then the person needs to report the UK sorry the Hong Kong rental income um Within the UK tax return in that sense it will still be able to deduct all the rental costs to to generates that rental income tax plann bye bye bye thank you [Music] Max

Channel: Ricky Lee 李立基

Views: 709

Keywords: ifa, redteam, convoy, management, finance, financialplanning, ricky lee, GoBigRed, 轉行保險, 轉行2020, 轉工2020, 轉行金融

Id: Ali_HU0L_2c

Length: 11min 27sec (687 seconds)

Published: Tue Dec 19 2023