Wednesday, 1 June 2016

Wednesday, 1 June 2016

Tax: Getting your affairs in order

As an expatriate you may think that UK inheritance will not affect you.

However, it is where you are domiciled that determines whether you are liable, not where you are resident. Even after living abroad for many years, you could still be seen as a British domicile in the eyes of HMRC and therefore fully liable for UK inheritance tax.

We work with a highly reputable firm of International tax advisers, and they are perfectly placed to provide integrated, seamless advice on how best to limit tax in France on investment income and gains, pensions, wealth and inheritances. They also advise on the complex subject of tax residency, and provide an invaluable ‘domicile determination service’.

Their tax planning advice is of particular value at three stages...

1. Before leaving the UK to move abroad

2. During the period of residency abroad, because of frequent tax changes

3. For some clients, prior to their return to the UK

To make sure your legacy goes to the right place it is crucial to understand the ins and outs of the rules in both the UK and your country of residence.

So if you want to make sure that you are paying the lowest tax rates in France, and have maximised your pension arrangements using vehicles such as QROPS, they are the people to speak to.

For further information please contact Peter

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