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A new guide on income tax anti avoidance rules for offshore companies is now available in the article resource library. Many companies and individuals setting up offshore companies for the first time need to be aware of how their offshore company will be affected by tax anti avoidance rules which can apply to both income tax and capital gains purpose.  The article explains that there must be a transfer of assets by an individual in the initial incorporation process. As a result of the transfer of assets, income becomes payable to a non-resident company or trust. The transferor must have the power to enjoy the income in some way or receive/be entitled to receive a capital sum. The transferor must be ordinarily resident in the UK in the year of liability. The guide provides a detailed account of the benefits that could be taxed under the tax avoidance rules. It also provides some valuable methods to avoid being caught by such provisions. One way to prevent being caught by the above provisions will include ensuring that the individual and their spouse are excluded from benefiting from the offshore company. The guide provides a detailed account of the benefits that could be taxed under the tax avoidance rules. It also provides some valuable methods to avoid being caught by such provisions.