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Receiving Inheritance from Overseas: UK Tax Rules Explained

In an increasingly globalised world, it’s becoming more common for UK residents to find themselves receiving inheritance from overseas when relatives or loved ones pass away while living abroad. While this may bring financial benefit, it also raises important considerations when it comes to UK tax. At Blacktower Financial Management, we support clients in navigating […]

Best Offshore Investment Strategies for UK Expats

For UK expatriates, offshore investments provide an excellent opportunity to grow and protect wealth while optimising tax efficiency. However, selecting the right strategy requires careful planning and professional guidance. Blacktower Financial Management has been a trusted adviser to UK expats for nearly four decades, offering tailored solutions for wealth management and investment across global markets. […]

Trump Tariffs, Trade Wars and What It All Means for the UK

Tariffs, Trade Wars and What It All Means for the UK The global economy has been shaken once again by a dramatic escalation in tariffs, with President Donald Trump imposing sweeping new duties on global trade partners—including a flat 20% tariff on most imports and a targeted 25% levy on automobiles. While headlines have focused […]

Fraud Notice

Blacktower Financial Management have been made aware of certain fraudulent schemes that have been conducted by individuals or organisations claiming to represent Blacktower Group. This type of fraud tends to occur through online services including bogus websites, social media accounts, or through unsolicited emails or text messages. The aim of the fraud is to trick […]

Government extends deadline for expats to secure full UK pension

Expats who have missed filing national insurance years from 2006 to 2016 now have until 31st of July 2023 to secure a full UK state pension. The previous deadline of the 5th of April 2023 has been extended, with the government announcing yesterday they’re granting expats more time to get their paperwork in order after […]

Autumn Statement from the Chancellor

Yesterday at 11.30 a.m, Jeremy Hunt delivered his first Autumn Statement as the new Chancellor. As he had pre-warned this included some ‘eye watering decisions’ as he set out the government priorities of stability, growth and public services. Given that the UK economy is in recession according to the Office of Budget Responsibility (OBR)this was […]

Navigating Investing in Turbulent Markets

The past few years have been a trying time for anyone navigating the world of investment or in possession of illiquid assets; the combination of disruptive events, including a global pandemic, political unrest, and economic uncertainty has created a turbulent market that has been almost impossible to predict. For many investors, the automatic response to […]

Tax Benefits of the Non-Habitual Resident Status

Over the past few years’ Portugal has developed a reputation as the new tax haven for affluent and high net worth individuals, all of whom wish to achieve tax optimization by relocating to a friendly, discreet and safe EU country. With Portuguese residency they are able to acquire a special tax regime, with many attractive […]

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