As part of the Autumn Budget the UK government published a consultation seeking views on the introduction of a new UK corporate re-domiciliation regime. The domicile of a company is typically the jurisdiction under whose laws that company is incorporated or registered. Corporate re-domiciliation is the process whereby a company transfers its domicile from one jurisdiction to another whilst maintaining or continuing its legal identity as a corporate body (hence this process is also referred to as a ‘continuation’ in some jurisdictions). While the proposals primarily require changes to the UK corporate law regime it raises interesting questions about the tax consequences of this proposed regime and we explore a number of these below.
A company incorporated in the UK cannot currently re-domicile...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
As part of the Autumn Budget the UK government published a consultation seeking views on the introduction of a new UK corporate re-domiciliation regime. The domicile of a company is typically the jurisdiction under whose laws that company is incorporated or registered. Corporate re-domiciliation is the process whereby a company transfers its domicile from one jurisdiction to another whilst maintaining or continuing its legal identity as a corporate body (hence this process is also referred to as a ‘continuation’ in some jurisdictions). While the proposals primarily require changes to the UK corporate law regime it raises interesting questions about the tax consequences of this proposed regime and we explore a number of these below.
A company incorporated in the UK cannot currently re-domicile...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes: