Summary Spring Changes - Tax Saving in Cyprus & UK for Expats
Spring Changes - Tax Saving in Cyprus & UK for Expats
I thought we would send you a summary of Tax Saving Tips from this
Spring's Budget & Tax changes affecting Pensions Property & Investment for Expats in Cyprus and UK
Spring is here and, along with it a new broom, brings more tax changes and tax saving opportunities for Expats.
The UK and Cyprus have introduced more Tax affecting Saving and Property and Pensions for Expats in the UK and Cyprus.
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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Cyprus Cuts Tax on Savings for Expats
TAX on SAVINGS & INVESTMENT FOR EXPATS
Expat Savers can make more tax savings following changes in Cyprus Taxes for Expats. Pay just 0% on saving and investment income. Suddenly Cyprus becomes a world class tax residence for expats living working and investing abroad in Cyprus.
Cyprus Cuts Tax on Savings for Expats
CYPRUS TAX RETURNS & REBATES
CYPRUS TAX RETURNS & REBATES DUE NOW
Full Cyprus tax returns are now due for 2015.
Personal Returns should have submission completed in May.
Self Employed and Employer Returns IR7 are due by end of May.
Savings Taxes Removed in Cyprus for Expats
Tax Saving as Defence Tax Removed for Non Dom Expat in Cyprus
Happy New Year - Defence Savings Taxes are reduced from 30% to 0% for Expats Living and Working Abroad in Cyprus who qualify for the new 'non-dom' tax status for Expats.
Defence levy Savings taxes are now 0% for all non-domiciled Expat Cyprus investors and tax residents for savings, dividends, investments, property rental income and investments.
UK Dividend Tax Saving Boost for Expats
UK Dividend Tax Saving Boost for Expats U.K. Dividend taxes change radically under proposals planned to start for 2016-17. Currently UK company dividends are taxed at a flat 10% tax credit at source. This is to be abolished. New taxes are to replace these along with a tax free earnings that give Tax Saving opportunities to small investors and Expats.
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 Residence. Nationality is not your Domicile. This is a Gift horse
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
