Charishma Bhujohory
Charishma joined Macfarlanes in January 2018. She previously worked at PwC and has over five years of experience advising businesses and private clients on various VAT matters.
Charishma regularly advises on the management of her clients' ongoing VAT affairs as well as on significant one-off transactions such as M&A deals and property transactions.
She has extensive experience of working with a variety of clients including multinational organisations, family owned businesses as well as private clients.
Charishma has been involved in negotiations with HMRC and liaises with HMRC regularly in respect of clients' VAT affairs.
Charishma is a chartered accountant.
Practice Area
Panel
- Contributing Author
Qualified Year
- 2016
Membership
- Institute of Chartered Accountants of England and Wales
Education
- The College of Law Sep 10 ' Jun 11
- Bar Professional Training course
- Durham University Sep 07 ' Jun 10
- Law; LLB (Hons)
1 Contributions by Charishma Bhujohory
PRACTICE NOTES
UK private equity acquisitions: cross‑border tax structuring and exit planning—acquisition costs, financing, withholding, investor (non-dom/offshore funds) issues, treaties, anti-hybrid/DPT, Luxembourg, and the QAHC regime
FORTHCOMING CHANGE relating to abolition of the non-dom regime and introduction of a residence-based regime:
At Spring Budget 2024, the government disclosed plans to scrap the remittance basis and bring in a residence-based system from 6 April 2025. Those electing into the new rules will, subject to conditions, be outside UK tax on overseas income and gains for their first four years of UK tax residence. This applies, where the conditions are met, to foreign income and gains throughout the initial four years in full. See News Analysis: Spring Budget 2024—Private Client analysis—Abolition of ‘non-dom’ regime. This Practice Note explores tax considerations when arranging a private equity buyout with both UK and offshore components. There are numerous motives for interposing offshore vehicles in acquisition structures, even where the target is onshore in the UK. Frequently, the structure is tailored to suit investors; for instance, UK-resident, non-domiciled investors in a UK fund may have sought to rely on the remittance basis in respect of their fund distributions. More broadly, certain offshore arrangements can mitigate double taxation within the acquisition chain and at investor level. Since the UK’s qualifying asset holding company (QAHC) regime took effect in April 2022, some of...
Tax
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