UK Election Special for Expatriates | Insights & Analysis
For the past two decades, we have witnessed an unrelenting rise in taxes across all sectors. Governments have consistently found reasons and excuses to justify these increases, burdening citizens with a growing financial load.
Retrospective Tax for Properties Sold in Cyprus between 2021-2023
In 2021, Cyprus introduced a new property tax, ending years of debate and speculation about its implementation.. The new legislation stipulates that sellers of property in Cyprus are liable to pay a tax of 0.4% on the sale value at the time of transfer.
Tax Challenges for Footballers in the Saudi League
The trend of UK footballers moving to leagues like the Saudi League brings to light the broader challenges faced by expatriates. Understanding the tax implications and preparing for the adjustment process are crucial steps in making a successful transition to working abroad.
When do British expats need to submit a UK tax return?
Living abroad as a UK expatriate brings with it a host of exciting opportunities and experiences. However, it also carries certain obligations, particularly in the realm of taxation. Understanding when you are required to file a UK tax return is crucial in ensuring compliance with tax laws and avoiding potential penalties.
Social insurance when living abroad
In this weeks live stream I take a deep dive into how social / national insurance works when you live abroad.
Tax efficiency for UK expats with split year treatment
Navigating the complexities of taxation can be challenging, especially for UK expats. For individuals leaving the UK or returning after a period abroad, a crucial concept that can impact their tax liabilities is the Split-Year Treatment (SYT). SYT is a concession under the Statutory Residence Test (SRT) introduced in 2013, which allows UK expats to split a tax year into a UK part and an overseas part, limiting their tax liabilities on overseas income.