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Why Some British Expats Are Liable For IHT

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 father were born or raised in Britain, you are ...

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Working In South Africa: The Tax Implications

South Africa is one of the expatriate jurisdictions where proactive planning makes a significant difference to the tax and exchange control implications of an international mobile employee. The primary reasons for this proactive planning are: Unlike most other countries, with good planning you only become ‘tax resident’ in the beginning of your sixth year in South Africa; and There are various tax ...

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Top Three Ways To Save On Your US Expat Taxes

Ah, filing expat taxes…one of the necessities of living overseas. While it may not be the most enjoyable thing about your adventure abroad, fortunately the IRS provides a number of ways to avoid double taxation so you can save money come tax time. By Greenback Tax Here we highlight the top credits, deductions and exclusions to use that will help you save big when filing your US tax return.  Take A ...

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US Expat Tax: Don’t Lose Your Passport!

If you are an American have seriously delinquent tax debt, IRC 7345 authorises the Internal Revenue Service (IRS) to certify that to the State Department. The department generally will not issue or renew a passport to you after receiving certification from the IRS.   Upon receiving certification, the State Department may revoke your passport. If the department decides to revoke it, prior to revoca ...

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US Expat Tax Deadlines You Need to Know

We are quickly approaching the first of several US tax deadlines – and as an American abroad, it’s time to begin preparing to file your US expat taxes. Since your reporting and filing requirements can be a bit more complex while living abroad, being prepared well in advance can set your mind at ease when it comes to staying compliant with the IRS. By David McKeegan Here are the most important dead ...

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Tax And Residence Rules For British Expats

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 more complicated cases it can still be rather complex and it is imp ...

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Better Late Than Never For US Taxes

When moving abroad, there are many logistics to consider – one of which is your US tax obligation. Occasionally, though, US expats find themselves in a situation where they haven’t filed a tax return – whether it’s because they were unaware of the deadline or perhaps didn’t know they needed to file. Luckily, there are ways to catch up on late expat taxes – here’s what you should know. By David McK ...

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Saudi Arabia To Tax Money Sent Abroad

The Saudi authorities are considering a tax on remittances by expats. By tightening the rules on employees sending money abroad the Saudi government aims to raise revenue. It is considering plans to impose a tax of up to 6 per cent on money sent out of the country by expats. New rules may also limit the level of remittances to a percentage of earnings, as the Kingdom looks for new ways to raise re ...

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Brexit And Expat Tax – New Service

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 become increasingly complicated. There is increased scrutiny of people’s tax ...

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Beware The UK Stamp Duty Hike

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 at expat advisers The Fry Group.. A ‘dwelling’ is essentially a home but also lan ...

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