Posts tagged inheritance tax saving
10 Things To Do for Expats to Protect Overseas Property Investment

Sam Orgill  asks what do you want from the changes to Domicile from a Cyprus perspective. Change of Domicile Impacts Everything

In the Summer of 2015 Cyprus has introduced wide ranging changes in legislation that has a direct impact on the tax status of assets held by expats in Cyprus. 

Now every Expat must review their Wills, Inheritance Tax, Savings Taxes and Property Title Deeds: to bring their needs in line with the new legislation. 

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Precious Assets - Protect Them Will

Sam Orgill of ProACT Expatriate Advice discusses one of life's certainties and the Benefits of Making a Will

Inheritance tax is the last tax return you need to make and can be expensive. With planning taxes of 40% or more can be saved for the family. How do you do that?

What is included? Inheritance tax is charged on all the assets you own or have a share of. This can include; property in Cyprus, UK or worldwide; business value; savings and investment; pensions values; vehicles; and anything else of value in your legal possession at your death.

Your world wide assets are included. That is what you own in Cyprus and elsewhere. Crucially you are assessed for inheritance tax in each country you have assets in, plus the country... Read more. 

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6 Reasons to Make a Will for Overseas Property Investment

6 Reasons to Make a Will for Overseas Property Investment from

Sam Orgill  

To Protect Family Assets from Expense, Delay, Capital + Inheritance Tax Savings

What gets missed, in the excitement and enthusiasm of Overseas Property Investment is the exit strategy if something goes wrong. 

Overseas Property Investment is a dream but can become a better investment with lower property taxes and avoiding the cost and delay of probate on first death. 


6 Reasons to Make a Will Trust to Protect Overseas Property Investment

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Plan Ahead - 5 Things for Expats to Prepare In Case Living and Working Abroad Goes Wrong

Plan Ahead

Sam Orgill of gives

5 Things for Expats to Prepare In Case Living and Working Abroad Goes Wrong

What gets missed, in the excitement and enthusiasm of relocating overseas and achieving your dream of Living and Working Aboard, is the exit strategy.  Of course the property purchase has to be completed quickly before it is ‘sold to the other buyer’. You can sort the details of finances while on the beach sipping cocktails, right?

EU Brexit for Expats could impact in this areas with forced heirship and taxes invalidating existing arrangements.


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Property Inheritance Tax Saving for Expats

Sam Orgill of ProACT Partnership with Tax Saving Tips for Expats for Overseas Property & Investment

Expat Investors can make more tax savings following changes in the UK and Cyprus Taxes. 

Tax Savings can extend to inheritance following changes to Wills and Inheritance tax rates in the UK.

Inheritance Tax Changes

UK Inheritance tax remains at 40%.  Allowance for married couple, main residence, is increasing to 500,000 per person over 5 years.  Meanwhile, changes to tax disclosure of capital and estates in the coming year mean that doing nothing to avoid 40% UK inheritance tax on Cyprus property will not work.  Opening up Cyprus property to UK Inheritance tax on death.


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What Will You Wish For? Cremation V Burial

Sam Orgill   How Do You Want To Leave This World ? Safe, Secure, Fun

When you make a Will you are setting out how your accumulated processions, assets and wealth are to be passed on and who to. You could create legacies for the good of family down the generations, or through charities that you support.

Cremation V Burial

Not everyone likes to discuss their funeral service and how their body is disposed of.  However if you will die, these questions need to be dealt with.  Often this is done with private agreement between family. In this article we wish to explore what that you choices and options are.

A recent survey in the UK found British people had a 60% preference for cremation.  Of those favouring cremation 80% envisaged their ashes be scattered.


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Tax Saving Surprise - Very Moveable Property Tax Savings

Very Moveable Property Tax Savings

Confirming the Cyprus Property Taxes and Savings for 2016 and More

In 2016 we have the culmination and possible resolution of Cyprus Property Tax changes - but not as you imagined, or was proposed in 2016, 2015 or 2014. A fierce debate has raged in parliament and delayed voting until well into July, the outcome of the long term property tax plan is a further sign of the Cyprus government intention.

The very Movable Property TAx solution mean big i tax savings for expats owning overseas property in Cyprus. 

You will be astonished at the changes in annual property taxes and title deed taxes.

Read the Full Article Very Movable Property Tax Savings

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EU Succession Laws Must be Addressed in Writing to Protect Family Property

Sam Orgill of ProACT Partnership with Inheritance Tax Saving Tips for Overseas Property Ownership in UK and Cyprus

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, Denmark 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 written changes must be made to ensure your wife, partner, children or beneficiaries benefit as intended. 

Review and change the way you organise and plan your Family inheritance, business and overseas property investment assets in UK, Cyprus and EU?


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IHT - They Don't Smoke Fat Cigars in Panama Anymore...

Sam Orgill of ProACT Partnership with Inheritance Tax Saving Tips for Overseas Property Owners

Well they don't smoke any cigars in Panama any more.  Inadvertent exchange of information has exposed assets owned by those living working and investing abroad. This draws these assets into Inheritance TAx Assessment for there home country.  In the UK this means 40%. 

Inheritance Tax Changes

Currently there is no worldwide exchange of information on assets between countries including UK and Cyprus. So you could settle a Will for the UK and a Will for Cyprus Property separately and the UK taxman will not know of your Cyprus assets unless he investigates.

From 1st January 2017 international exchange of property and asset information will commence between countries.  This will allow IHT assessors to review worldwide assets to ensure those domiciled in that country pay on total estate assets.  This will draw Cyprus, Spain, French, Portugal and Greek properties into the UK taxman’s net

If you choose UK law to settle your worldwide will & estate UK inheritance tax may well be applied to worldwide assets. 


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Inheritance Tax Changes Keep Coming for Expats Property

Sam Orgill of ProACT Partnership current Inheritance Tax Saving Tips for Expats Property Owners & Investors

Changes Keep Coming

Inheritance Tax  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’)

Cyprus has 0% inheritance tax (IHT) so is a better place to pay inheritance tax than the UK where 40% applies. This depends on your domicile.  Cyprus now define your domicile in law.  If you are Cyprus Domiciled you pay 0% IHT.

You can ensure an Inheritance Tax Saving of 40% by taking action today


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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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