You may not be aware as a British expat who pays no UK income or capital gains taxes that you can still be liable to inheritance tax (IHT). Your liability for UK IHT depends on if you are deemed domiciled in the UK, says Stuart Ritchie of expat financial advisory firm AES International. If you or your...

You can still be liable for UK income tax even if you think you are safely non-resident. Make sure you pass the statutory residence test, writes Iain Yule. The UK’s statutory residence test is a welcome development after the old system, say advisers at expat specialists Blevins Franks, and provides much more certainty. However for...

A new service aims to offer expert tax advice at a time when expats and non-UK domiciles are digesting what ‘Brexit’ could mean for them. Over the coming months and years, this demand is likely to increase as more detail emerges on the potential legislative changes. Tax planning for expats and non-UK domiciles has...

From 1 April 2016, the UK taxman introduced a new higher rate of stamp duty which applies to the acquisition of a ‘major interest’ in an additional residential ‘dwelling’. So beware if you are buying property in the UK. A ‘major interest’ is defined as a freehold or leasehold interest, says Adam Thompson, tax manager...

Following the UK referendum in June, there is considerable uncertainty surrounding how the vote to leave the EU will affect employers and employees who work internationally. While nothing is certain at present, says Anne-Marie Welch of tax specialists RSM, there are a number of tax issues to consider for UK employers who are either sending...

The latest UKBudget contained an attack on disguised remuneration avoidance schemes with a new charge on outstanding loans. The new scheme outlines how income tax and national insurance contributions (NICs) will be imposed on employee loans which are outstanding on 5 April 2019, irrespective of when the loan was advanced to the employee or individual....

One of the most important financial tasks you have as an expatriate is to plan how and to whom you will leave your assets. It can be a complex process, involving inheritance taxes and succession law of more than one country, but it is vital to have a solid ‘estate plan’ so your estate is...

In the 2015 UK summer budget Chancellor George Osborne introduced his ‘family home allowance’, increasing the inheritance tax threshold to a potential £1m, and possibly benefitting expats By Jason Porter Inheritance tax is considered one of the most unfair taxes in the UK. So the fact that most family homes will now be exempt...

With tough new statutory residence test rules, British expats have to make sure of their status by keeping careful travel records. The issue of where you are resident for tax purposes can be more complicated than many people realise, say expat advisers Blevins Franks. If you get it wrong, you could face a tax investigation....

In the other articles on expat tax equalisation we explored how it works and if you are paying too much. Now the question is, is it fair? This depends on whether you are seconded to a low tax or a high tax country. By The Fry Group In our experience, a country will operate a...

With tax equalisation there are distinct swings and roundabouts, depending on in which country you are working. By The Fry Group In the article Expat Tax Equalisation: How Does It Work? We explained the theory behind this common expat pay arrangement. Of course, the theory is all well and good. An individual bears tax to...

The fundamental principle behind tax equalisation is that an expatriate should be no better off or no worse off as a result of being assigned abroad. By The Fry Group Tax equalisation is presumably in place to encourage expatriates to work for their employers wherever they may be sent, sure in the knowledge that they...