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.

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

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.