HMRC Changes Position on US Pension Lump Sums
UK Tax Residence – COVID-19 Activity
The Chancellor of the Exchequer, Rishi Sunak, has written to the chair of the Treasury Select Committee to outline temporary changes to the Statutory Residence Test (SRT) for those coming to the country to work on COVID-19 related activity.
UK Tax Residence – Impact Of Coronavirus
People are being prevented from travelling from the UK to other countries at present due to the Coronavirus epidemic. This could affect their UK tax residence status and therefore; their UK tax liabilities.
Year-end personal tax planning tips 2018/19
The last day of the 2018-19 UK tax year (5 April 2019) is looming large and for those who seek to be tax efficient, it is time to examine ways of potentially mitigating 2018-19 personal tax liabilities via year-end planning reviews.
Top 10 Expat Tax Tips for Individuals Moving to the UK
The UK tax rules for non-domiciled individuals were thrown into confusion by the proposed reforms to apply from 6 April 2017 not being included in the Finance Act 2017, however, the Government has now confirmed that the Finance Bill due to be published in September 2017 will include the proposed reforms and that they will appl
Overseas Pension Changes 6 April 2017
HMRC have announced that the tax legislation regarding the UK tax treatment of the overseas pension scheme is changing from 6 April 2017.
New Offshore Bank Accounts for Expat Employees
Non-domiciled individuals that have come to work in the UK need to open offshore bank accounts outside the UK to take advantage of rules which exclude earnings from non-UK duties from being taxable in the UK. This relief is known as Overseas Workday Relief – or OWR - and in broad terms applies for up to three years providing employment earnings are paid outside the UK – offshore – and not remitted/brought to the UK.
Deemed UK Domicile Reforms 2017
The Domicile Reforms means that those deemed UK domiciled from 6 April 2017 will pay UK tax on worldwide income/gains & not on the “remittance basis”.
Non-Domiciled Rebasing for Capital Tax Gains: April 2017
The Non-Domiciled Capital Gains Tax Rebasing of the CGT cost leads to the possibility that only capital gains arising from foreign capital assets.
ATED: New Annual Tax Rules from 1 April 2016
ATED is an annual tax payable by companies and other non-natural persons that own UK residential properties. From 1 April 2016 onwards ATED will apply to properties valued at £500,000 or more, where it previously only applied to properties worth at least £1 million. The ATED valuation date is 1 April 2012 or the date the property was acquired if that was later.
Year End Tax Planning for Non-Doms and Expats
There are always as number of factors for “expats” to consider whether this relates to non-domiciled individuals (“non-doms”) living/working in the UK or Brits leaving the UK and seeking to establish non-residence status.
Year end personal tax planning tips 2015/16
The last day of the 2015-16 UK tax year (5 April 2016) is fast approaching and the UK Budget is taking place on 16 March 2016.
Non-Domiciled Status and UK Tax Planning
A consultation has been launched by the Government regarding the stricter regime to be introduced for “non-doms” from April 2017.
UK Budget – UK tax treatment of “non-doms”
In his Budget on 8 July, the Chancellor announced major changes to the way non-domiciled individuals (“non-doms”) will be taxed in the UK from April 2017.
Summer Budget 2015 – Key Points
With his summer Budget speech of 8 July 2015, Chancellor George Osborne has introduced significant changes to the UK tax system and set out the Conservatives plans to balance the budget by 2020.
Budget Newsflash – Changes to Non-Domiciled Rules
In his 2015 Summer Budget, the Chancellor has announced changes to the rules that determine an individual’s domicile status.
Income Tax Payable on UK Property Income
US LLCs – change in UK tax treatment
UK Property Sales: Capital Gains Tax for Non-Residents
Death of the UK Tax Return for Expats?
2015 Budget Summary
Top year end UK personal tax planning tips 2014/15
Expats Need to Review Offshore Bank Accounts
Changes to the Taxation of Share Awards for Expats
UK Tax – Focus on Non-Resident Landlords
Remittance Basis UK Tax Return Filing for “Non-Doms”
Charging Capital Gains Tax on Non-UK Residents & UK Property
Reviewing Offshore Expat Bank Accounts
Proposed Changes to the Taxation of Dual Contracts
Commonwealth Games – non-resident tax exemption
Non-Resident Landords
How does the UK Statutory Residence Test (SRT) impact you?
Are you a Non-Resident Landlord?
Clampdown on tax evasion for expats in Spain
Year End Tax Planning
With the end of the UK tax year (5 April) looming in to view; it is time to consider various year end tax planning that might make a difference in reducing your tax liabilities. Issues to consider include but are not limited to: