Overseas holiday homes purchased through a company

It is quite common for overseas holiday homes to be purchased in companies. Typically this is to circumvent overseas inheritance rules. Historically the use of a company has lead to a UK income tax and national insurance liability which was treated as a "cost" of the structure.

Pressure was placed on the Government to eliminate this cost, and in 2008, they revoked the income tax liability but not the national insurance liability. The national insurance liability has now been retrospectively revoked and reclaims of national insurance can be made for any prior year, even those earlier than 2008. Any refund must be claimed before 2015.