Tag: UK
- 12.02.2020
- Categories: Personal finance
- Tags: Life Policies, Non-Resident, TAX, UK
There are three main tax benefits of using offshore life assurance policies when you are considered a UK tax resident, but do not maintain 'domiciled status' in the UK. These include tax free investments, no Capital Gains Tax, and Tax Deferred Withdrawl Allowances.
There are specific ways that HMRC calculates taxable benefits on proceeds of insurance bonds during retirement. These include Top Slicing and Time Apportioned Relief.
Using trusts can also be a benefit to transferring wealth with reduced tax implications.
- 4.02.2020
UK Car Park company Park First has run into trouble. We have strong doubts that investors will recieve any money back.
This is another example of an investment (we avoided and warned against) that has lured many Russian clients into losing all their money. If you have been affected, please seek the correct channels for communicating your dispute.
- 18.11.2019
- Categories: News, Personal finance
- Tags: Brexit, Expats, Property, Real Estate, Spain, UK
Spanish property prices have been coming back recently. With all the UK residents living on the Spanish Costas, can this continue? Brexit could thow the area back into the a recession, if UK expats retreat home. Three factors having the most impact include, residency, pension levels, and access to affordable healthcare.
New UK property tax legislation is coming into effect in April 2020. Higher Capital Gains Tax - even for non-residents - are to be expected. Owning REITs through offshore life companies can mitigate these new tax laws.
- 6.10.2019
- Categories: News, Personal finance
- Tags: TAX, UK
UK persons looking to return to the UK after a period of time ‘offshore’, and people who are moving to the UK, should be aware of a number of benefits which can smooth the transition of your investment portfolios. Although UK fiscal regulations are a wide-ranging and complex, we will try to simplify and provide …