Overseas Property, Expat Experts, Inheritance Tax ProACT Sam Orgill Overseas Property, Expat Experts, Inheritance Tax ProACT Sam Orgill

Game of Thrones: Who Has a Claim to Your Possession?

Sam Orgill of ProACT Partnership on latest Developments in the Game of Getting Title Deed for Cyprus Property 

The changes in Cyprus in 2015 allow the land registry to issue title deeds to holders of contract of sale. This changed the dynamics between claimants to the title, and the new rules have been developed with changed approaches in all area as banks, developers, sellers and buyers battle it out to claim best advantage of the situation.  How are you doing in the game of title deeds?

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Changes to Cyprus Succession Laws Affect Inheritance Tax for Expats Property

Changes to Cyprus Succession Laws Affect Inheritance Tax for Expats Property

Sam Orgill of ProACT Partnership with Tax Saving Tips for Property Ownership 

New EU Succession laws enforce radical change for Expats living and working abroad in the EU, or with assets in these countries.  While the UK and Ireland have opted out of applying the EU Directive it still affects EU expats with tax residence or domicile in the EU. This means changes to the way you organise and plan your Family inheritance, business and overseas property investment assets and income?  

Changes Keep Coming

The changes mean that you must settle your world-wide estate in the country you habitually ‘live’.  This could be different to the country of your tax residence AND the country of your tax domicile (‘where you are from’)

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Wills & Estate Admin ProACT Sam Orgill Wills & Estate Admin ProACT Sam Orgill

Cremation Remains a Burning Issue for Cyprus Expats and Residents

Cremation has been legalised in cyprus in a new law passed on 7th April 2016.

There are simmering issues to still be resolved with the process far from clear on how you can complete your wishes without your funeral plans turning to ashes.

The next necessary step is for a licensed crematorium to be build.  That may be sometime away as vested interests compete from a political, commercial, theological or regional basis.

ProACT believe you should always look forward, and so let's look at the requirements of regulations.

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Cyprus Tax, Wills & Estate Admin, Overseas Property ProACT Sam Orgill Cyprus Tax, Wills & Estate Admin, Overseas Property ProACT Sam Orgill

Make a Will Changes for Inheritance in Cyprus

Sam Orgill of ProACT Partnership with Tax Saving Tips March Budget to Pensions Property & Investment. Make a Will Changes for Inheritance in Cyprus

The Cyprus changes to Succession mean Expats must make written changes to their Will to avoid forced heirship and retain financial control of their affairs on first death.

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Spring Changes - Tax Saving in Cyprus & UK for Expats

Sam Orgill of ProACT Partnership with Tax Saving Tips ARISING from the Budget Affecting Pensions Property & Investment for EXPATS

Spring is here and along with it a new broom brings more tax changes and tax saving opportunities for Expats.  Changes have come from the UK e annual tax budget , while Cyprus has introduced more changes to Permanent Residency Rules for Cyprus Property Owners. 

Meanwhile Property Transfer Tax remains discounted for 2016 offer large tax saving for expats with Cyprus property contracts of sale – but no title deeds yet.

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Domicile Inheritance Tax - Gifts Make Simple

Domicile and Inheritance Tax

If you want to avoid 40% Inheritance tax in the UK, your choices need further consideration with the new EU legislation and a global move towards a statutory definition of Domicile.  

If you write in a Will confirming your domicile as your home country then Inheritance Tax is assessed there.  0% inheritance tax applies in Cyprus if family inherit under Cyprus laws of succession.  

A Cyprus centred approach could trigger a full Inheritance tax assessment of Worldwide assets on death. Meaning UK expats pay 40% tax on Cyprus Overseas Property Assets.

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Wills & Estate Admin, Overseas Property ProACT Sam Orgill Wills & Estate Admin, Overseas Property ProACT Sam Orgill

Your Inheritance, Property & Will. Gift Horse?

Sam Orgill ProACT Partnership Expatriate Advice looks at how Inheritance Tax and Your Property and Your Will could Protect Your Family. Make a Will.  Make a Codicil. Make Gifts to Family or Trust

Change of EU Law impacts Expat Wills

The adoption of the new EU law impacts in with Cyprus assets by removing from Cyprus Law the options, previously available, to settle your Will under the law of your home country. 

Now every Expat must review their Wills to ensure that your Wishes are meet and your assets can be distributed as you wish in your Last Will & Testament

Consider your position: Inheritance Tax, Savings Taxes and Property Title Deeds. Bring your  needs in line with the new legislation.

You should review your Will to ensure that your Wishes are met and your assets can be distributed as you wish in your Last Will & Testament. 

EU Law of Succession

Now the EU is the controlling legislation which says that your estate must be settled in your country of ResidenceNationality is not your Domicile.  This is a Gift horse

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Wills Gift Your Assets After Death, Why Wait?

Sam Orgill ProACT Partnership Expatriate Advice looks at other ways to Protect Your Family Inheritance. www.proactpartnership.com  

Change of EU Law impacts Expat Wills

The adoption of the new EU law impacted Cyprus law by removing the options previously available to settle your Will under your home country laws. You should review your Will to ensure that your Wishes are met and your assets can be distributed as you wish in your Last Will & Testament.

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Cyprus Law of Succession

Now the EU is the controlling legislation which says that your estate must be settled in your country of Residence.

That is not the same as the country you are from.  A legal definition of Domicile has been introduced in Cyprus.  Your country of birth and of your parents is defined as your country of origin. Where you are From. You can change your Domicile.....

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Changes to Wills, Property, Savings & Inheritance Taxes

Sam Orgill www.proactpartnership.com  Summers over - time to review for Expats

Cyprus Moves and Changes

In July the tax law was changed.  Then the government announced the changes.  Later some of the changes (still proposals) will be enacted in September, after the holidays.  This has caused some confusion and delay as the news crept out.  All will become clear…..

This article addresses some of the implications and changes in hand for Expats living and working abroad or investing overseas in Cyprus Property and Business.  There is also a big impact in tax saving for offshore investment and the real bonus of a new Inheritance Tax planning strategy with a statutory basis.

The objective of the changes are to attract new overseas investors in Cyprus Property and Business.  Whether you are living and working abroad, retired or investing offshore, Expats should review their Wills, Property, Business and Inheritance Tax positions to take advantage of the new rules and tax savings.

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