News & Insights

Merry Christmas

Merry Christmas & a Happy New Year from all of us at LTS Tax.

16 Dec 19

Updates

UK Tax on gains arising on the sale of UK property by non-residents

HM Revenue and Customs (“HMRC”) are implementing significant changes which will subject gains realised on the disposal of all UK real property by non‑UK residents to UK tax. This will include commercial property; retail, offices, factories and agricultural land.

05 Nov 19

Fact Sheets

Accountancy Services

As the largest independent taxation services company in Guernsey, LTS not only provides UK and Guernsey taxation services to companies, individuals and trustees, but also offers tailored accounting services.

05 Nov 19

Fact Sheets

LTS Tax Panthers Top Of The League

With 4 games played so far this season in the U16 South Regional League, the LTS Tax Panthers are sitting at the top of the league with 3 wins and 1 draw!

23 Oct 19

Community

Offshore corporate landlords and corporation tax - The April 2020 Changes

April 2020 will bring significant changes to offshore corporate landlords as the tax regime switches from income tax to corporation tax.

02 Oct 19

Fact Sheets

Living in Guernsey

Guernsey provides a high standard of living, with a good education system, stable government, good infrastructure and a convenient location close to the UK and Europe.

01 Oct 19

Fact Sheets

UK Statutory Residence Test

Following lengthy consultation the Statutory Residence Test (“SRT”) was introduced with effect from 6 April 2013.

01 Oct 19

Fact Sheets

We're delighted to sponsor the U16 LTS Tax Panthers

We are delighted to partner up with Guernsey Netball to sponsor the U16 LTS Tax Panthers netball squad this season.

25 Sep 19

Community

Trust Tax Services

The UK tax treatment of offshore trust structures has undergone a number of changes over the last few years, resulting in a myriad of complex legislation, combined with a more punitive and extended penalty regime for offshore matters.

11 Sep 19

Fact Sheets

Domicile

The concept of domicile is one of the key factors in determining the extent of an individual’s exposure to UK inheritance tax. It is also key for non UK nationals who become resident in the UK (so-called “non-doms”) in respect of their liability to UK income tax and capital gains tax.

10 Jul 19

Fact Sheets

Corporate Tax Residence in Guernsey from 2019

The Guernsey Revenue Service has introduced a number of new income tax measures that will affect companies in Guernsey from the Year of Charge 2019. Amongst other things these measures include widening the definition of corporate residence

01 Jul 19

Fact Sheets

Substance in Guernsey from 2019

Guernsey Revenue Services has introduced a number of new tax measures that will impact companies in Guernsey from 1 January 2019.

01 Jul 19

Fact Sheets

Summer Client Drinks

LTS hosted a drinks event at The Farmhouse Hotel attended by over 100 clients with special guest Stuart Lancaster giving a motivational speech.

06 Jun 19

Updates