Cyprus excels as a tax residence for expats living and working abroad.

And not just because it is an island in the Mediterranean.

Your inevitable death is be a hardest thing to face in life.

But in a lifetime of financial planning, and in over 20 years of providing expat services, I know that it is one of the most important subjects to face head on.

Inheritance rights pass through the bloodline automatically.

That means if there is no will, it passes to the bloodline.

Capital gains tax (CGT) is due when you sell an asset such as a property, shares or cryptocurrency. However, if you die then CGT becomes inheritance tax which means that your family will pay up to 40% tax.

By taking the right steps and planning ahead you can reduce this liability all the way to 0%.

We’ll be looking at how making a will can help you avoid inheritance tax.

Your last tax return is due when you die - your inheritance tax return.

ProACT Sam discusses how relocating expats can avoid getting caught by full year worldwide tax in the UK.

In this weeks webinar I looked at non-residence for UK expats.