HOTCHKISS ASSOCIATES

Bespoke UK and International Tax Advice and Compliance Services

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Property

Contact us for more information on how we can help you with the following property related matters:

- Commercial property
- Residential property
- Land trading & development

E-commerce

To follow

Intellectual property

To follow

Business relocation

If you have a business in the UK, whether it is a sole trade, partnership or limited company, you cannot simply take it with you when you leave the UK.  Many individuals think they can simply ‘up sticks’ and move everything including their business: regretfully it is not that straightforward.  There are number of factors to take into consideration depending on the nature of the business activity and how involved you might be in its operation.

Any successful business will be valuable with its value generally deriving from goodwill, brand, customer base, intellectual property or existing contracts.  These assets cannot generally be transferred from the business into the ownership of another entity outside the UK without a tax charge arising.  There are other non-tax factors also need to be considered as well as the level of your ongoing involvement.

You also need to consider how a business outside the UK will be taxed in the UK and how much of the business needs to be involved in the UK market going forward.

How can we assist?
We can assist by:

-  Considering your existing business and the issues you might have in attempting to ‘relocate’ both you and your business operations and run them outside the UK;
-  assisting you as to how you might start up a new operation overseas; and
-  explaining the tax and other issues you might face when trading in other jurisdictions and how this trade might be structured.

Corporate residence

Setting up your business overseas

If you are trying to ‘relocate’ your existing UK business or are considering starting a new business overseas, you need to be fully aware of local tax laws, reliefs and concession, as well as logistics, employment laws and similar.

How can we assist?

We can assist you by:

-  Helping you choose the most appropriate entity through which to undertake your business;
-  Advising you on timing issues and tax issues in the UK and other jurisdictions;
-  Introducing you to third parties who can assist with such matters as company formation, payroll, banking, office services, legal advice and similar; and
-  Identifying potential tax incentives for your and your employees.

Structuring

The law is complex with this area of taxation being fraught with pitfalls and it is relatively easy to make mistakes or overlook liabilities. We have the experience in providing such advice to trustees, beneficiaries and settlors.

Acquisition and mergers

- Due diligence
- Structuring

Tax Counsel

We have great relationships with barristers in most tax chambers in London, and can assist you in choosing the right barrister for the purpose, drafting instructions to counsel and attending conferences with counsel on appropriate matters. Please contact us to discuss your requirements.

Offer Documents

Offshore funds are becoming increasingly more complex from a structural perspective and investors much more sophisticated. What is often of paramount importance is that the tax structuring is correct and the fund is operated to adhere with any tax planning which has been sought.

We can advise on:

-  the wording of the tax section of offer documentation;
-  corporate residence;
-  international tax structuring to maximise return for investors; and
-  the application of the EU Savings Directive to fund managers and administrators