Tax Planning

August 8, 2019 Tax Planning
Tax Guide for British Expats Returning to the UK

Many British expats often find themselves returning to the UK for a short period or indefinitely. Alongside several different elements to consider, it is essential that you plan for the costs that returning to the UK may incur. Complicated tax laws mean that your tax bills may be particularly high, especially if you have been…

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An Expat Guide to Moving to Dubai from the UK

With the popularity of Dubai steadily on the rise, more Brits are making the leap-of-faith and moving to the region. Although moving abroad can provide excitement and a drastic change in lifestyle, it can often be challenging, fraught with paperwork and overwhelming. However, if you prepare early and carefully consider all aspects of the move,…

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October 17, 2018 PensionsTax PlanningPension
Solving Inheritance Tax

Inheritance tax, or the ‘death tax’, could be one of the most disliked taxes in the UK – no one wants their estate to be eroded away before it reaches their family. Currently, the tax-free threshold stands frozen at £325,000 for 2017-2021, or at £650,000 for couples. However, the steady rise in property prices over…

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November 2, 2017 Tax Planning
How to pass on maximum wealth to your next generation. (Inheritance Tax for UK Expats)

HMRC collected close to £5 billion in Inheritance Tax (IHT) in 2016. If you take into consideration that only an estimated 45,100 estates were liable for IHT, that’s an average tax bill of £110,865 per estate. There are many complicated rules that stipulate how much IHT is payable on an estate but, with some basic…

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July 30, 2017 Tax Planningexpats
South African Tax Law Amendment Bill Commentary

There has been a lot of noise in the South African expat community around the Draft Taxation Laws Amendment bill (DTLA), specifically the proposed removal of the 183 day foreign tax exemption. This is of particular concern for those living in high living cost environments such as the UAE. With an estimated 120,000 South Africans in…

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November 6, 2016 Market UpdateTax Planning
Money transfer firms to tip off HMRC about transactions

  Expats switching cash from Britain offshore with money transfer services will soon have their transaction reported to the tax man. Under a new initiative, HM Revenue and Customs (HMRC) intends to demand any money service firm dealing with foreign currency exchange should report the details of the transaction. The aim is to stop expats…

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