United Kingdom Asset Holding

The United Kingdom is a popular choice for asset holding vehicles since in many cases it will not tax income from a subsidiary. The rules are a little complex (and were recently overhauled) but in most cases income deriving from a EU subsidiary will not be subject to tax in the UK. For  more information about UK companies and their taxation please see our main article on UK private companies.

Income from foreign or local subsidiaries received by UK companies may not be subject to tax (for more information see our main article on UK private companies). The income received by a UK LLP will not be subject to UK tax in any case (assuming it is structured without any UK partners). For more information please see our main article on UK LLPs.

Gold, Silver and Platinum
The UK is not a popular choice for the holding of precious metals directly.

Direct Holding
Many banks offer the use of safety deposit boxes for clients wishing to hold precious metals in the UK.

Trading Accounts and Portfolios
The UK is not popular for trading account since the tax rate is fairly high. Lower tax EU options exist such as Malta (where the tax rate is either 5 or 10%). Holding in the UK can be achieved outside the scope of UK corporation tax by the use of a UK LLP. Outside the EU many tax havens offer this service, such as the Isle of Man and the BVI but please see our main article on the use of offshore structures and their possible stigma.

Managed Portfolios
Any portfolio (whether managed by the client or a fund manager) can be owned by a corporate vehicle in the Isle of Man and clients often prefer to hold their funds in this way. Such funds can be held either by a local broker (whether online or not) or any foreign broker. This may be especially beneficial for Hedge Funds and Venture Capital funds where the client may anticipate the possibility of a substantial gain on which they may otherwise be taxed.