Have you ever wondered why having a will is so crucial? Despite its significance, half of the adult population does not have one. Seeking professional advice when it comes to the devolution of your estate is essential to ensure your wishes are carried out as intended. By creating a will and seeking guidance, you can:

• Provide for your spouse, children, and loved ones
• Protect your assets for future generations
• Pass on your property and assets to the people you choose
• Effectively plan to minimize inheritance and other taxes.

We understand the importance of paying only what you owe in taxes. With tax compliance growing increasingly complex, it’s more vital than ever to file accurate returns on time. That’s why we offer our expertise to assist you with completing tax returns, calculating taxes, and submitting them to the relevant authorities.

If you encounter any issues with your filings, we can also help you negotiate with HMRC to get up to date.

Are you ready to complete your tax returns and ensure you’re paying the right amount? Let us help you today.

Planning for Inheritance Tax is essential to ensure that your estate is passed on to your intended recipients, rather than to the HMRC. Inheritance Tax is levied on the estate of a UK-domiciled individual after they pass away, and the tax event can lead to up to 40% of the total amount paid to HMRC.

Our team of experts can help you with compliance matters and ensure the correct reporting is completed. We can also guide you on claiming the proper exemptions to minimise the tax amount you owe. Our specialists can advise on a range of matters, including the nil rate band and residence nil rate band, spouse exception, gifts out of income, business and agricultural property relief, heritage relief, and the taxation of potentially exempt transfers, chargeable lifetime transfers, and gifts with reservation of benefit.

It is important to plan to minimise your tax liability and ensure that you make the most of your exemptions. By doing so, your estate will be better prepared to claim the necessary credits and have the correct paperwork to evidence the claim.

Are You Planning on Repatriating to the UK? We Can Help!

Timing is key when it comes to repatriation and we’re here to make sure your transition is seamless. Our team can ensure that your affairs are in order, your tax burden is minimised, and any compliance requirements are met. We can also assist with asset protection, guaranteeing that your wealth is passed down to your loved ones with ease.

It’s best to notify us of your intended repatriation as early as possible, preferably 12-18 months in advance. This allows us to provide you with the best possible support and ensures that you don’t miss out on any financial opportunities.

Our services include:

• Domicile and residence issues
• Advice on timing pay-outs, bonuses, and salaries
• Assistance with remitting cash and other assets to the UK, including advice on account holdings
• Registration and compliance requirements, including reporting
• Trust issues and planning
• Wills and estate planning
• Remittance-based claims
• General tax advice

Let us help you with the repatriation process and give you peace of mind knowing that your financial affairs are in good hands.

Are you aware of your tax residency and country of domicile?

Knowing the tax regulations surrounding these concepts and how they affect your place of residence is crucial. Having a grasp of these rules can save you money, prevent penalties and fines, and guarantee that you pay the correct amount of tax in the appropriate jurisdiction. Additionally, it can ensure that your estate is passed down correctly in the event of your death.

Speak to us to find out more information.

Do you own property in the UK?

Do you know about the non-resident landlord scheme?

Do you know your Capital Gains Tax liabilities and/or level of Inheritance Tax to pay?

There is a lot that you need to know. If you own property in the UK, it’s important to stay informed about your tax liabilities and legal responsibilities. Here are some important points to consider:

• The non-resident landlord scheme applies to landlords who live outside the UK for more than six months each year and receive rental income from UK properties. This scheme requires landlords to register with HM Revenue and Customs and pay tax on their rental income.
• Capital Gains Tax (CGT) may apply when you sell a property that has increased in value. Non-residents are subject to CGT on gains made on UK property, with some exceptions. It’s important to understand the rules around CGT and how it may impact your finances.
• Inheritance Tax (IHT) is a tax on the estate of someone who has died. If you own property in the UK, it may be subject to IHT if it is worth more than the current threshold. It’s important to understand your IHT liabilities and plan your estate accordingly.
• Working with a qualified professional, such as a tax accountant or financial planner, can help you navigate the complexities of UK property ownership and ensure that you are meeting all of your obligations.