Overseas tax planning

We are tax experts with specialist knowledge which save our clients tax. There are many areas where we add value to clients who have exposure to international tax.

Get your free initial consultation regarding overseas tax planning

The many areas we can advise on include:-

	Working overseas but UK based
	Pensions for the internationally mobile
	Wealth protection, asset protection strategies
	Offshore trusts
	International business structures
	Residence and domicile
	Residence and control issues for companies and trusts
	Coming to live in the UK
	Leaving the UK
	Overseas contractors & IT contractors
	Inheritance Tax and Capital Gains Tax planning
	Overseas property portfolios
	Retirement planning
	International pensions and pension exports

For more information about our services, contact us!

For a free, no obligation initial meeting, click here.

Working overseas but UK based

Typically peoples' tax liabilities in different countries depend on their tax residence and domicile. Individual circumstances dictate if work done overseas is fully or partly taxable in the UK, overseas or not taxable in any of the relevant countries. 

This scenario offers many opportunities to reduce tax liabilities by understanding the relevant rules and planning ahead to ensure you do not unwittingly incur a tax bill.

Pensions for the internationally mobile

Using an appropriate international pension can reduce tax and National Insurance liabilities, provide retirement benefits and preserve wealth. The right solution depends on individual circumstances. One such solution is our "Passport" pension for the internationally mobile, which can provide benefits to individuals, agencies and employers where work is being performed overseas by a UK based individual.

For more details of our "Passport" pension, click here

Wealth Protection & Asset Protection Strategies

 Wealth protection is an important consideration for individuals, families and businesses.

Whether your concern is business risk, protection from creditors, or protecting cherished family assets from passing out of the family, we can offer advice on various potential solutions. Some are relatively simple, others more complicated. Costs and benefits are weighed up before a solution is proposed.

Where an offshore trust or tax structure is proposed, costs are usually greater, but there can be additional tax benefits.

Residence and domicile

Many UK tax liabilities depend on a person's residence and domicile. Similarly for companies and trusts, the residence of the company or trust will have a significant bearing on where and how much tax it pays. We can advise on tax residency and domicile issues.

Residency and control issues for companies and trusts

Companies' and trusts' taxation depends on where the company or trust is resident. This in turn depends on a number of factors, the main ones being:-

	Where the company is incorporated
	Where the company/trust is managed and controlled from, where administration occurs
	Where the company has premises available
	Where board/trustee meetings are held
	Where the individual board/trustee members are resident and domiciled

We can advise on these issues as required.

Coming to the UK

 We can advise on the complexities of coming to live in the UK, either for the first time or returning after a period living or working overseas. In some cases people come to stay permanently, and in others simply staying for a few months or years. We understand the complex UK residency rules and help ensure you keep within the law and keep tax bills to a minimum.

Leaving the UK

Whether leaving temporarily, permanently or to work overseas, we can advise on the complex UK tax rules on residency and domicile, helping you to comply with the UK tax system and minimising your tax exposure.

Overseas Contractors or IT Contractors

Tax liabilities for overseas contractors  depend on their tax residency and domicile, business structure, double taxation agreements and where the work is done. We can advise on a range of issues to help you structure your overseas contracts in the most tax-efficient way.

Inheritance Tax and Capital Gains Tax planning

There can be significant benefits in using offshore tax structures in that income and gains can roll up tax-free within the structure and there can be advantages for Inheritance Tax and Capital Gains Tax planning as tax rules overseas can be much more benign than the UK.

Costs and benefits need to be weighed up for maximum benefit, but for larger tax planning issues these structures can prove extremely beneficial. There are complex anti-avoidance rules, but in appropriate circumstances an international tax structure can provide benefits far in excess of the costs.

Overseas Property Portfolios

For those holding property overseas, you may still be fully liable to tax in the UK but also to tax in the countries where the properties are located.

We can help ensure you meet your tax obligations, yet keep your tax affairs simple and keeping tax liabilities to a minimum.

Retirement Planning

Retirement planning can be complex and involves different issues:-

	When to retire
	Where to live when you retire
	Tax rules in different countries, their interaction
	Funding retirement
	Pensions rules and different types of pensions, international pensions
	Capital Gains Tax and Inheritance Tax
	How best to structure/hold your overseas/UK assets
	Providing for your spouse and family adequately
	Asset and wealth protection considerations

We can help guide you through these various considerations, helping you to make good, informed decisions.

International Pensions and Pension Exports

If you have worked abroad or intend to move or retire abroad, there are many possible pension options to consider. It is possible to "export" your pension when you go, freeing your pension from UK tax rules. It is also possible to set up UK or international pensions in addition to your standard UK pension. In some cases these international or UK pensions are not subject to the funding limits on UK pension funds, allowing you to build up your pension funds faster. We can help with these complex decisions.

For your free initial consultation, click here

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