United Kingdom Double Tax Agreement

The main objective of the Treaty is to eliminate double taxation between residents of Gibraltar and/or the United Kingdom with regard to taxes on income and profits. The treaty further strengthens economic relations between the two regions before Brexit and, although it is based on the model of the Organisation for Economic Co-operation and Development (“OECD”), some important differences appear, which are highlighted in this article. Please inquire about UK tax treaties, relevant tax documents and multilateral agreements. HMRC has instructions for applying for double taxation relief if you are a double resident. As a rule, they always benefit from relief, even if there is no agreement, unless the foreign tax does not correspond to UK income tax or capital gains tax. .

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