How to Report Capital Gains Tax on Property Abroad
Investing in property overseas can be a lucrative opportunity, but it also comes with tax obligations, including capital gains tax (CGT). If you sell a foreign property at a profit, you may need to pay CGT in both the country where the property is located and your country of residence. Understanding how to report capital […]
Inheritance Tax on Foreign Property: How UK Expats Can Reduce Liability
For UK expatriates, navigating Inheritance Tax (IHT) on foreign property can be complex. If you own overseas assets, understanding your tax liabilities is crucial to ensuring that your estate is passed on efficiently to your beneficiaries. In this guide, we’ll explore how UK expats can reduce inheritance tax liability on foreign property, including key considerations […]
Capital Gains Tax on Foreign Property: What UK Expats Need to Know
For UK expatriates, understanding capital gains tax (CGT) on foreign property is crucial when managing international investments. Whether you’re selling a second home abroad or an investment property, tax obligations may arise in both your country of residence and the UK. Here’s what you need to know. What is Capital Gains Tax on Foreign Property? […]
Inheritance Tax Changes: Is It Time to Rethink Your Pension?
The UK government recently announced that from April 2027, inherited pension pots will face new inheritance tax (IHT) regulations, marking a significant shift in estate planning strategies for pension holders. For many high-net-worth individuals (HNWIs), this change could impact their retirement and legacy plans. Here, we break down the key changes and explore strategies to […]
How To Prep For the 2024 Autumn Budget As An Expatriate
As the end of October draws near, we’re not only feeling anticipation for the potential horrors of Halloween but for the possibilities surrounding the Autumn Budget and what it means for expatriates. In particular, how the new Labour budget’s forthcoming changes could affect their financial landscape. Whispers of alterations in capital gains tax, inheritance tax, […]
Where Wealth Holders Go: Relocation Post-Tax Regime Changes
The abolition of the UK’s ‘resident non-domiciled’ (RND) tax regime marks a significant shift in the landscape for ultra-high-net-worth (UHNW) individuals. As these individuals reassess their residency, several jurisdictions are vying to attract this affluent demographic with competitive tax regimes and high-quality lifestyles. This analysis delves into the intricacies of each popular destination. Monaco: The […]
Navigating the UK’s New Tax Changes for Australian Expats
Navigating the intricate landscape of tax regulations is a fundamental aspect of financial planning for expatriates worldwide. However, for Australian citizens residing in the United Kingdom, recent tax reforms have introduced a new layer of complexity to this challenging endeavour. The UK’s tax changes for Australian expats include the loss of “non-dom” tax benefits and […]
Inheritance Tax: Gifting And All You Need To Know About It
Inheritance tax gifting refers to the act of giving away assets or money during your lifetime with the intention of reducing the value of your estate for inheritance tax (IHT) purposes. In many countries, including the United Kingdom, inheritance tax is imposed on the value of an individual’s estate upon their death. By making gifts […]