Some compensation pay-outs for miss-sold pensions; Life assurance policies in the hands of the original owner or beneficiaries; Company re-organisations and takeovers where there is a share for share exchange. Capital Gains Tax rules for British expats and non-UK residents with a UK property The...
UK expat tax advice for British expats and non-residents, updated for the 2024/25 tax years. Provides an overview of your UK tax residence status, the SRT, Capital Gains Tax and personal allowance and rules covering UK income tax. Essential reading for anybody with financial or family connecti...
The taxation of residents and non-residents in the UK is very different but there is a Statutory ‘Residence’ Test to help you determine whether you are resident or not. The test applies from the tax year 2013/14 as different rules apply for the years up to 2012/13. However, under ...
Our experts can guide you through the rules to establish your position and help you plan to keep your tax bills to the minimum. UK Residents Going Abroad There are many things to consider when planning such a move, such as: Reviewing contracts of employment/self-employment ...
Non-UK residents will be pulled into the capital gains tax (CGT) regime for the first time this April if they dispose of UK land and property. Nimesh Shah, partner at Blick Rothenberg, examines the key tax compliance issues and how the rules are changing.Nimesh Shah...
By profit, we mean the difference between what you paid for the property and what you sell it for, minus any fees and expenses. There are separate rules for non-residents, known asNon-Resident Capital Gains Tax (NRCGT). This can be quite complicated, but here are the main points you ...
02.Path 2: Use an online bank (UK residents only) 03.Path 3: Use a multi-currency account (no UK residence required) 04.How to get proof of address in the UK 05.How to transfer your money to the UK 06.Best business bank account for non-UK residents ...
New CGT rules for British expats and UK non-resident property owners Before the 6th April 2015, you were not taxed in the UK on gains made when you sold UK property if you were non-UK resident for five consecutive UK tax years. Since that date, if you’re a British expat who owns ...
The tax rate may vary depending on your residency status, where there are different tax rates for non-residents. This will be something to ask your solicitor about. There are also exceptions to the IRPF tax rules, such as: If you’re over 65 and have sold your main residence ...
Tax rules governing US property ownership differ for residents and non-residents. Explore key considerations for current and future owners 04 May 2021 Michael Lewis Why charitable giving needs forward planning in UK and US Differences in tax exemptions in the US and UK mean the giving and re...