Category Archives: Tax Planning

British Expats Head East For Work A...

BRITISH EXPATS

  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 … Continue reading British Expats Head East For Work And Cash

Travel Claims For Expat Contractors...

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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 … Continue reading Travel Claims For Expat Contractors Scrapped

CGT Cases Muddy Rules For Expats Se...

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Qualifying for capital gains tax breaks as an expat is even more complicated following the latest legal rulings in the UK. Capital gains for expats became an issue from April 2015 when Chancellor George Osborne reversed the law allowing non-residents to sell assets in the UK without paying CGT. Since then, non-residents selling residential property … Continue reading CGT Cases Muddy Rules For Expats Selling UK Homes

IHT and trusts

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When making succession plans, a large majority of British passport holders are advised to place their money, life insurance policies, property and assets into trust. By doing so, they effectively relinquish ownership of the assets placed into trust, instead nominating a trustee to mange and distribute the trust accordingly upon their death. As a result … Continue reading IHT and trusts

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