BRITISH-VIRGIN-ISLANDS

Question My client is a life tenant of a trust. The trustees hold 100% of the shares of a BVI company which has recently sold a major part of its business and now wishes to repurchase its own shares. The question has arisen as to whether the funds...

Jackie Wheaton (Moore Stephens) answers a query on whether funds extracted from a BVI company would be income or capital for UK tax purposes.

Jeff Webber answers a query on ATED property rental business relief.