Posts tagged proact expatriate advice
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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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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Expat Pension Tax Saving

Sam Orgill of ProACT Partnership with Tax Saving Tips for Expats Living and Working Abroad in Cyprus UK

Pension Tax Saving for Expats

Expat Savers can make more tax savings following changes in the UK Budget and with Cyprus Taxes.  They include Pension Freedom to pay 5% pension income tax or lower.

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Origins – Where you are From

Origins – Where you are From

The key driver to the change was the introduction into Cyprus law of a statutory definition of where you are from – domicile.  If you are born in a country with parents from that country then your origin is that country – your domicile. You may be born in Ireland you’re your parents come to UK to bring you up but your origin is the home country Ireland.

If you live in Cyprus for 20 years (and a tax resident for at least 17 of those years) then your Domicile becomes your country of residence

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Tax Accounting Records for an Offshore Company

If you use an offshore company for contracting overseas or holding assets offshore , then using a Belize company can give you Tax Saving on Income and Capital and Inheritance if used in the right way. Contact Us

But you may have a tax liability in your personal or business country of tax residence.  Or in your country of domicile for inheritance tax

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Willing things to Change…

Sam Orgill www.proactpartnership.com highlights UK Budget Changes require new approach to Wills and Property Investment for Expats. It’s time to review or make a will
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The UK post-election Budget introduced , in theory a 1 million pound Inheritance Tax allowance for UK Domiciled nationals. But only those with the right assets, and the right family conditions, can benefit.  Expats with Property or investments abroad are still subject to the 40% Inheritance Tax Rate on death.

The UK has one of the highest Inheritance tax rates in the world, outstripping France, Japan and Belgium.  While the headlines sound and feel good the reality can still be expensive.

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