A comprehensive guide to the UK tax implications of income voluntarily given up, diverted, or sacrificed By Dr Clifford Frank, Senior Partner, LEXeFISCAL LLP February 2026 Estimated reading time: 12–14 minutes Few principles in UK tax law are as pervasive—and as frequently misunderstood—as the concept of “income foregone”. It sounds simple: if you don’t take the income, you shouldn’t be taxed on it. In reality, UK tax law often asks a different question: did you, in substance, earn or...

Navigating UK Residence, Corporate Tax, Permanent Establishment Risk and UK Rental Property Income. By Dr Clifford Frank LLM(Tax) PhD HDipICA ATT, Senior Partner, LEXeFISCAL LLP A question LEXeFISCAL is increasingly asked is deceptively straightforward: “I run my own UK limited company as sole director and employee—if I move to Italy for a couple of years, can I simply carry on as before?” In most cases, the answer is no—at least, not without careful planning. A two-year relocation can...

A practical guide to the commercial, legal and UK tax considerations By Dr Clifford J Frank, Senior Partner, LEXeFISCAL LLP February 2026 | Estimated reading time: 12–14 minutes For many UK businesses, growth brings complexity. Over time, groups diversify, acquire new activities, and accumulate assets and liabilities that may no longer belong together commercially. One question we are seeing with increasing frequency from business owners, boards, shareholders and advisers is: should we...