UK & Offshore Tax Planning Blog
Under the current rules a higher rate taxpayer would need to have overseas unremitted income of at least £75,000 (£30K * 100/40) to equate to a £30,000 tax charge . When you also add in the loss of the £6K personal allowance that a claim for the…
We've had some great Q&A's raised in our consultancy section. An interesting one is this one: Nomadic Lifestyle Setup & UK Tax It concerned someone looking to move overseas and it mentioned the 5 flags principle. The 5 flags principle states that to…
We've covered the great tax planning opportunities covered by QROPS in previous articles. QROPS certainly suffered uncertainty in early 2008 as the interpretation of HMRC guidance notes lead to a few QROPS Trustees allowing the funds to be paid out…