In a global economy many people are choosing to work overseas, whether leaving the UK for employment in another country, or coming from overseas to work in the UK.
The tax treatment of income can be a complex area and it is advisable to seek specialist advice as the rules regarding residence in and out of the UK have altered radically in recent years. There is a new residence test due to become law in the near future which will seek to define whether an individual is resident or non resident in the UK.
Our experts can guide you through the new rules to establish your position and help you plan to keep your tax bills to the minimum.
There are many things to consider when planning such a move, such as:
If you are leaving the UK to become non-resident our tax specialists can help you make sure everything is organised to minimise tax and to avoid pitfalls.
It is no surprise that the UK tax authorities will be interested in your financial affairs.
Areas to Consider Are:
Our experts are familiar with all these issues and are happy to welcome you and help you plan for a new tax regime.
“This is a notoriously difficult area, especially since the rules are not clearly defined in tax legislation. This makes it all the more important that you consult us before you act”
To speak to one of our personal tax experts please contact David Gibbs
Delighted with Alliotts advice