Tax Advice

Bearer share companies are companies where the individual shareholders are not known to the company. The bearer share companies do not know anything about their shareholders—not their names, addresses, or the size of their shareholdings. Instead, each shareholder’s ownership in the bearer share company will be evidenced by their physical possession of a share certificate…

Protected cell companies (PCCs) were originally developed in Guernsey in 1997 to provide a solution for companies who wanted to take advantage of the risk management solutions offered by a traditional single parent captive insurance, but who did not want to establish a captive of their own. These are sometimes called divided asset companies or…

Since 1985 Australia has had a capital gains tax that taxes residents on their capital gains made on property and share investments. Various exemptions apply, with the main one being the primary residence exemption. In contrast, non-residents investing in Australian only pay capital gains tax on Australian property. Taxable Australian property includes: A direct interest…

Double taxation is the levying of tax by two or more jurisdictions on the same declared income, asset or financial transaction. It may occur where a business or individual who is resident in one country makes a taxable gain in another country. Most countries, including the US and Australia, tax their residents on their worldwide…

The tax systems of most OECD and developed countries are very similar. Generally, individuals who are deemed to reside in their country will be tax residents and taxed on their worldwide income. For example, an individual is an Australian tax resident if they either reside in Australia or satisfy one of three statutory residence tests…

       A holding company is a parent corporation that owns enough voting shares in another company to control its policies and management. The benefits of forming a holding company include: The holding company itself is protected from losses if a subsidiary company fails and goes into liquidation. The creditors of the subsidiary company…