We need to talk.
Living abroad has many attractions, but it is not without its drawbacks.
Unfamiliar local bureaucracy and a foreign tax system can be very confusing, especially when the rules frequently change. To confuse matters, you may also still be liable to some UK taxes.
In today’s economic climate, wealth preservation has become extremely
difficult to achieve without the help of good advice. There are a number of
major threats to the preservation of your wealth.
Our raison d’être is to provide a service to our clients which enables them to enjoy a tax-efficient income and preserve the value of their wealth, not only during their lifetime but also through to the next generation.
16 September 2014
At Last… Napoleonic Succession Law Now Avoidable For Foreigners Living in France
One of the most worrying issues facing retired UK nationals living in France is succession law which imposes strict restrictions on how residents can divide up their estate. From next August a new EU Directive will allow expatriates to distribute their estate in accordance with the law of their nationality. This only applies to succession law, and not to succession tax.
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12 September 2014
Update On The Spanish Tax Reform
The income tax rates and thresholds will change next year, under reforms aimed primarily at lower income individuals and families. There are some other changes which may affect you.
05 September 2014
European Court Of Justice Rules On Spanish Succession Tax
The European Court of Justice ruled that Spain has failed to fulfil its obligations regarding succession and gift tax. Since Spain allows differences in the tax treatment between resident and non-resident beneficiaries, they have breached EU treaties.
04 September 2014
Pension Lump Sums – A New Second Option
HMRC has published its draft Taxation of Pensions Bill, covering the new pension freedom to apply from 6th April 2015. It includes the opportunity to take lump sums from uncrystallised funds.
01 September 2014
Expatriates Urged To Review Sources Of UK Income Amid Tax Raid Plans
An article by The Telegraph advises UK nationals living abroad about the proposed removal of the UK personal tax allowance.
29 August 2014
Don’t Get Caught Out by New Spain Tax Laws
An article by The Daily Telegraph highlights some key changes British expatriates living in Spain need to be aware of, particularly with regards to the double tax treaty and Spanish tax rates.
28 August 2014
Capital Gains Tax In Spain - Is It Changing?
There have been reports in the English language press in Spain that the capital gains tax main home exemption available to over 65s was being removed. Is this correct?
27 August 2014
More Families Paying UK Inheritance Tax
Unlike most other UK taxes, inheritance tax follows you when you leave Britain to live abroad. It is important to pay attention to this tax, and understand the rules, changes and news, as your estate – and so your family and heirs – could be affected.
20 August 2014
UK Plans To Restrict Personal Tax Allowance For Non-Residents
The UK government is considering another tax reform which could affect British expatriates, depending on your circumstances. It is considering whether to withdraw the personal tax allowance from non-residents, unless they have a strong economic connection in the UK.
13 August 2014
Beware The Spanish Taxman
Now that the first Modelo 720 (overseas assets reporting) forms have been submitted and processed, people have started hearing from the Spanish tax inspectors. The tax authorities have also recently announced an amnesty for undeclared foreign souce pension income.
08 August 2014
Already Living In France Or Thinking About Doing So? Some Essentials To Consider…
We run through the tax and financial essentials you need to be aware of and plan for if you are to get the best out of living in France.
Already Living in Spain or Thinking About Moving There? Some Essentials to Consider…
We run through some of the tax and financial essentials you need to be aware of and plan for if you are to get the best out of living in Spain.