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Tax Planning

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The Importance of Specialist Tax Advice

Tax planning in general is highly complicated. For UK nationals living abroad, it’s even more complex as it involves the tax rules of two countries and how they interact.

Many expatriates don’t realise that they may remain liable to some UK taxes, even if they’ve been overseas for many years.

If you’re already living or planning on moving abroad, it’s essential to get specialist tax advice so that you pay the right tax, in the right place, at the right time. Getting it wrong can have serious consequences.

At the same time, you’ll want to protect your income and wealth from unnecessary taxation and take advantage of tax-efficient arrangements each country has to offer.

Cross-Border Tax Planning

At Blevins Franks, we can help make sure that you:

  • Meet your tax obligations in both countries
  • Don’t end up paying more tax than you need to
  • Make the right declarations at the right time
  • Structure your finances in the most tax-efficient way

Our Tax Expertise

Blevins Franks has in-depth understanding of the tax system in the UK and all the countries in which we operate, as well as how those regimes work together.

Being specialists in cross-border, tax-compliant wealth management solutions for UK nationals, we keep up-to-date with the latest tax reforms affecting our clients.

Our locally-based advisers and international tax specialists can discuss opportunities to limit tax in France, Spain, Portugal, Cyprus and Malta on your savings and investments, pensions, wealth and estate.

We also advise on the complex subject of tax residency and offer a ‘domicile determination’ service. This can help establish what taxes you’ll have to pay and where, including whether you’re still liable for UK inheritance tax.

Income Tax

Most countries charge tax on what you earn. Rates can vary greatly and affect how much income you receive from your investments and pensions.

See more about income tax
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Capital Gains Tax

You could be liable for tax when you sell assets like property and investments in your country of residence as well as the UK.

See more about capital gains tax
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Wealth Tax

If you’re resident in Spain or France, you may face additional tax on the value of your worldwide assets through wealth tax. Portugal also imposes a wealth tax of sorts on Portuguese assets over a certain value.

See more about wealth tax
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Inheritance Tax

Expatriates can remain liable for UK inheritance tax without realising it, as well as succession taxes in their country of residence. In some places, indirect heirs can pay very high tax rates on inheritances. 

See more about inheritance tax
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Portuguese finance minister, Fernando Medina, delivered his Draft State Budget for 2023 on 10 October In terms of taxation, the focus was on...

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Our Other Services

Alongside tax advice, we provide a range of services to offer a genuinely holistic approach to financial planning:

Investments – preserving your wealth through investment strategies tailored for you and your personal circumstances

Estate planning – organising your affairs so that your legacy can be passed to your chosen heirs as tax-efficiently as possible, in both the UK and the country you’re living in

Pensions – protecting your pension funds by exploring all the options, including QROPS, and considering tax implications locally as well as in the UK

Trusts – advising on and administering trustee and corporate structures, where they suit your financial objectives

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We want people to be able to easily access and understand the information we provide, so if you need further help to access information on this website or key documents in a different format or setting, please contact us via your Blevins Franks adviser, by email via [email protected] or by phone on +44 (0)20 7389 8133.

 

Blevins Franks Financial Management Limited (BFFM) is authorised and regulated by the Financial Conduct Authority in the UK, reference number 179731, to provide advice in the UK. Blevins Franks Wealth Management Limited (BFWML) is authorised and regulated by the Malta Financial Services Authority, registered number C 92917 to provide advice in Malta and other EU countries in line with its [IDD and MiFID] passporting permissions. It is authorised to conduct investment services under the Investment Services Act and authorised to carry out insurance intermediary activities under the Insurance Distribution Act. Where advice is provided outside of Malta via the Insurance Distribution Directive or the Markets in Financial Instruments Directive II, the applicable regulatory system differs in some respects from that of Malta. BFWML also provides taxation advice; its tax advisers are fully qualified tax specialists. Blevins Franks Trustees Limited (BFTL) is authorised and regulated by the Malta Financial Services Authority for the administration of trusts, retirement schemes and companies. Blevins Franks France SASU (BFF), is registered with ORIAS, registered number 07 027 475 to provide advice in France and other EU countries in line with its [IDD] passporting permissions, and authorised as ‘Conseil en Investissements Financiers’ and ‘Courtiers d’Assurance’ Category B (register can be consulted on  www.orias.fr). Member of ANACOFI-CIF. BFF’s registered office: 1 rue Pablo Neruda, 33140 Villenave d’Ornon – RCS BX 498 800 465 APE 6622Z. Garantie Financière et Assurance de Responsabilité Civile Professionnelle conformes aux articles L 541-3 du Code Monétaire et Financier and L512-6 and 512-7 du Code des Assurances (assureur MMA). BFFM, BFWML, BFF and BFTL are all part of the Blevins Franks Group Limited (BFGL) whose registered office is Gasan Centre, Triq il-Merghat, Zone 1, Central Business District, Mriehel CBD1020, Malta. This promotion has been approved and issued by BFWML, BFF and BFFM for respective use in the EU and UK.

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