which is assets minus liabilities. These assets include (but are not limited to) cash, bank deposits, shares,fixed assets, personal cars, real property, pension plans, money funds, owner-occupied housing, andtrusts.
Portuguese authorities have also confirmed that there areno taxes on long-term holdings of cryptocurrencies such as Bitcoin, which is excellent news for a lot of younger people who hold cryptos and might find themselves with a significantly higher net worth in the near future if they continue to...
That is why many questions arise among expat UK community in Spain. We get asked many questions like:will my UK pension be taxed in Spain?Which are the available allowances I can access? If you would like to learn more about it, like what happens not only with pensions but also with ...
The tax rates in spain for non residents are fixed at 25% on the gross income(not as with the income tax for residents, which is progressive). It is the so-called non-resident tax in Spain. Suppose, for example, thatyou live in the UK but have a property in Spain. In that caseyo...
Incorrect pension contributions:Whether you have a 401k in the US or an ISA in the UK, there is a threshold for tax exemption on pension contributions. Exceeding it can warrant an unexpected tax debt. Missed deadlines:Self-assessment tax returns in all countries have a deadline for when they...
Income of up to €9,984 is considered a personal allowance and is not taxed. Other deductions include a percentage of contributions to a statutory pension insurance plan; health insurance premiums; private accident, life, unemployment, and disability insurance premiums; donations to registered charitie...
There is no capital gains tax or inheritance/estate tax in Gibraltar Gibraltar has double tax agreements with the UK and Spain to provide clarity for international businesses Gibraltar does not have VAT but does have import duties and stamp duty on property transactions ...
The impact of personal taxation on inequality relies in tax progressivity. One of the most important challenges faced by national tax systems is the flat taxation of capital/property income. Most tax systems are semi-dualist. Progressive taxation applies to labour and pension income, whereas taxes...
advisers to UK nationals living in Europe About UsDownload GuidesEmigration AdvisoryHow We Help You Where we are France Spain Portugal Cyprus Malta Monaco United Kingdom Retiring to Europe What We Do Tax Planningchevron_right Minimising the tax you pay on income, gains, pensions, wealth and inher...
Which is precisely why I bang on aboutmitigatingyour tax bill more than is entirely seemly. Investment tax in the UK is a rich person’s problem If you’re payingcapital gains tax(CGT) on profits from share trades or on dividend income, you may be throwing away money. ...