HMRC is changing the way that Capital Gains Tax is paid on the sale of UK property by expats. Find out how the new rules affect you.
How does inheritance tax work? A guide to the basics of IHT for UK expats.
A grant of probate is the legal permission that is needed in order to access and distribute someone’s estate when they die. On death, assets (property, pensions, investments and savings) can be frozen. In order to free up these assets (the estate), probate is needed. Contrary to popular belief, any inheritance tax due on an …
By living off other assets in retirement, you can reduce any potential inheritance tax bill by passing your pension on to your heirs instead.
How does UK inheritance work when assets pass to a Polish spouse on death? Find out here.
If you are an expat with assets in the UK, e.g. rental property, you may be required to complete an online self-assessment tax return. Key dates/deadlines to know are as follows. January 31 – The final deadline for online self-assessment tax returns. However, if you think any of the information entered on your tax return is inaccurate, …
Domicile is different from residence. Make sure you know the difference.
Are you leaving or have you left the UK? Don’t forget to tell HMRC. Fill out this form to do so http://bit.ly/1FoA8mz. You might even get a tax refund for your efforts 🙂