Tax Planning
What To Do If You Inherit A Windfall Of Shares
Thousands of over 50s inherit shares but four out of 10 don’t know what to do with them. Around 250,000 over 50s have stocks and shares inheritances they did not know about worth an average £3,500. Most of the share papers and certificates are discovered when families are going through the homes of deceased…
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Where Expats Can Go For Sunshine and No Tax
Expats wanting to pay little or no tax but enjoy a quality lifestyle have a range of destinations to pick from, although the choice of traditional tax havens is shrinking. Despite the US Foreign Account Tax Compliance Act (FATCA) and a tougher tax crackdown in Europe, many countries still offer sunshine, a relaxed lifestyle…
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HMRC Power Unfairly Penalise Expats Say Tax Experts
Tax experts claim new laws that allow fines and criminal charges for making mistakes on tax returns are unfair to expats. The Chartered Institute of Taxation is urging HM Revenue & Customs (HMRC) to rethink the rules as a matter of principle. CIOT believes that elderly expats are at risk from the rule changes…
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British Expats Head East For Work And Cash
The number of British expats heading east for a new life is booming, according to a new survey. Singapore is the destination of choice for most expats who have lived overseas for at least three years, says the NatWest International Banking annual quality of life index. Last year’s top destinations – Australia and Canada…
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Travel Claims For Expat Contractors Scrapped
Offshore contractors and consultants face a massive tax shake-up next year as the government scraps their right to claim travel expenses. From April 2016, anyone working through a personal service company or an umbrella company who cannot prove they are self-employed will lose the cost of travelling from their home to a workplace. This will…
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Wealthy Expats Shunning A Move To The UK
The number of wealthy expats looking to settle in Britain has plunged since the government doubled the amount of cash they need to invest to buy a visa. The drop in applications coincides exactly with the change of policy. At the end of 2014, expats wanting to come to the UK needed to show they…
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