Why is inheritance tax charged to UK expats who have moved abroad?
When you move abroad you can become a tax resident in your new country which means you’re able to pay tax on your business income, pensions, interest & property rental income at, often lower, local rates.
So why do UK expats still get charged inheritance tax in the UK even though they are tax resident abroad?
You are going to die. So protect your family.
There are two things in life that are certain.
Death and taxes.
We can't help you with the inconvenience of death. But we can help you pay 0% inheritance tax with long term planning.
Do You Want To Pay 0% Inheritance Tax?
Do you want to pay 50% inheritance tax?
Or do you want to pay 20% by giving it away on your death bed?
Or do you want to pay 0%?
So that your inheritance goes to your children, and not the tax man.
The Worst Thing We Ever See In Our Office
The worst thing we ever see at ProACT Partnership’s Tax Planning Business are families trying to make arrangements to avoid Inheritance Tax at 40% or more on their estate on death.
[Webinar] Inheritance Tax for Expats
In this months Wednesday Webinar (view future webinars) we looked at inheritance tax for expats and how with long term planning you can minimise your tax when you die.
What Does IR35 Mean for Self Employed Expat Contractors?
The UK have introduced new tax rules for contractors working for UK based business. Find out what expats can do about IR35.
Where Should You Pay Tax After Lockdown?
With tax returns becoming due in the UK, Cyprus & other expat locations we look at where you should be paying tax after a lockdown that saw many expats stuck in 1 location with potentially higher tax liabilities.
How UK Expats Could Travel For Now
Many expats are experiencing different forms of lockdown currently maybe to within your home or district. This podcast discusses the timetable for expat travel locally and Overseas as we see lifting lockdown.
Can UK Expats Still Get EU Residency After Brexit?
British expats, and British people hoping to move to an EU country will be wondering what Brexit means for their residency rights. Find out in this weeks podcast.
Am I Eligible for Healthcare now the UK has left the EU?
ProACT Sam clarifies state healthcare post Brexit.
Should I Go & Live Abroad Now My Job Has Been Made Remote?
The world has changed. It will never go back to the way it was. With many companies now moving to remote work, ProACT Sam looks at whether it is time you upped sticks and moved to another country.
Lifting Lockdown Constraints
ProACT Sam takes an overview on the practical solutions to lifting lockdown constraints to allow expat travel to resume.