Expatriate Wealth Management and Tax Advisory Service
Macintosh Heywood Ltd offer a unique multi-partner advice service to UK citizens choosing to live abroad.
Recent changes to UK tax law coupled with proposals in the last budget will affect the treatment of all UK non residents from the beginning of tax year 2014/2015.
Pensions – The regulations on how we can all take our pensions from our Pension funds have altered significantly with relaxed rules on cash withdrawals coming into force in 2015 subject to Royal Assent due in July 2014.
Capital Gains and Inheritance Tax – The budget announced that a liability for Capital Gains tax would apply to all UK property sold by non residents. This and the Not Ordinary Resident status tests recently introduced have created concerns for many Expats who may have inadvertently failed to take the necessary steps to maximise their net income whilst alive and protect their assets on death.
The solutions to this complex area of tax law are normally a combination of structured tax arrangements trusts and Inheritance tax advantageous pension planning.
We confirm any advice or recommendations will come from fully qualified UK Regulated Chartered Accountants, Tax consultants, Law firms, or Independent Financial Advisors.