Tax Planning

February 18, 2016 Financial PlanningTax Planning
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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January 4, 2016 Tax Planning
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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January 4, 2016 Tax Planning
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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December 6, 2015 PensionsTax Planning
Clock Ticking On Pension Tax Breaks For High Earners

  High earners do not have much time left to make the most of their pensions. The government is introducing two changes I April 2016 that will slash the size of pension funds and the amount of money the wealthy can contribute to a pension. The lifetime allowance has already dropped from £1.8 million in…

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November 22, 2015 Tax Planning
How Mortgages Can Trigger Surprise Expat Tax Bills

British expats moving overseas and paying off a mortgage on their UK home could face unexpected tax bills, warn financial advisers. Although foreign currency gains or losses on residential property mortgages are not taxed in the UK, the same rule does not apply in many other countries. One of the exceptions is Australia, which is…

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November 19, 2015 Tax Planning
Oil And Gas Workers Face Massive Tax Demands

Thousands of oil and gas contractors accused of involvement in a tax avoidance scheme have received demands for cash from HM Revenue & Customs (HMRC). More than 22,000 contractors who sheltered their earnings offshore in now outlawed employment benefit trusts more than seven years ago are now paying the price for breaking tax rules. Accountants…

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