company
Psychedelics company will ‘go slow before we go fast’
The CEO of Compass Pathways said Wednesday that the company, which is preparing to complete the submission of its psychedelic therapy for regulatory review this quarter, will “go slow before we go fast,” warning that negative patient or provider experiences early in the launch could damage the broader sector. As the psychedelics field races toward […]
Case – Implications of dual tax residence for a company
Introduction Our client owns three UK companies and has recently moved overseas for the foreseeable future. Our client intends to run their business from another country and would like to understand the tax implications of doing business in the UK. Issue It is possible for a company to be resident in more than one country […]
Relocation of a company
Case of the month Introduction Before 2013, it was quite common for an offshore company (Offco) to own residential property in the UK. Even if the rental income were taxable, the company would not be liable for capital gains tax (CGT) and non-domiciled shareholders would not be liable for IHT either. Even allowing for the […]