Post Brexit and covid the world is moving on with changes and developments in relations between the UK and EU countries like Cyprus, Portugal, Spain and France.

Discover the secrets to maintaining your non-resident status as a UK expat while visiting family and property back home. In this stream, we'll explore the crucial factors and tax implications to consider during your visits. Learn from experts and real-life experiences as we delve into residency rules, the Statutory Residence Test, tax obligations, and practical tips for hassle-free trips. Stay tax-smart and connected to your loved ones without sacrificing your expat benefits.

ProACT Sam examines how overseas property owners can enjoy long stays without impacting tax residence in the EU and worldwide.

We shed light on the intricacies of residency, tax residency, and citizenship

It is the start of UK tax year. I will be highlighting UK tax changes in the year ahead and how they affect families, property and businesses including multi year tax savings by relocating overseas.

A Personal Service Company (PSC) is a tax-efficient strategy for contractors, allowing them to save on income tax and enjoy other financial benefits by operating through a limited company. Key advantages include lower income tax rates, corporation tax savings, potential VAT savings, and the ability to claim business expenses. To set up a PSC, one must incorporate a limited company, register for taxes, open a business bank account, and establish an accounting system. While the tax savings can be significant, it's crucial to understand the responsibilities associated with running a limited company, such as ensuring tax compliance and maintaining accurate financial records.

End of year tax planning needs to get personal. Better still tax planning needs to be personal all the way through.

You don’t need all the income and you don’t need all the capital. Normally we find that clients want to enjoy the benefits of the capital and the benefits of the income, but money sitting in the bank is not always a source of that pleasure.