In the UK, there are numerous tax-efficient options to optimise your UK tax bill. Pension contributions offer considerable tax reliefs. Individual Savings Accounts (ISAs) provide tax exemptions for incomes and gains. Premium Bonds offer tax-free prizes, while utilising tax-free allowances can aid in minimising taxable incomes and gains. Spousal transfers can help utilise tax-free allowances. Read more
The US taxation system imposes taxes on its citizens’ worldwide incomes, irrespective of where they reside. Consequently, US expats in the UK must pay tax in both countries, potentially leading to double taxation. To mitigate double taxation, they can explore multiple tax strategies. Read more
Double taxation agreements are international legislation aimed to protect taxpayers from being taxed twice on the same income in different countries. GTC offers assistance with these claims to minimise your UK tax bill. Read more
Expatriates wishing to continue building their UK state pension entitlement should make voluntary national insurance contributions. Application is via HMRC form CF83. GTC can offer assistance regarding the form. Read more
The UK tax system allows non-domiciled residents to exclude their foreign incomes and gains from UK taxation using the remittance basis, as long as these funds are kept offshore permanently. Global Tax Consultants (GTC) offers advice on remittance basis planning. Read more
When selling a UK home, you need to consider capital gains tax, irrespective of where you are living. Sellers may be required to complete an online property return for HMRC within 60 days of sale. Read more
In the UK, there are numerous tax-efficient options to optimise your UK tax bill. Pension contributions offer considerable tax reliefs. Individual Savings Accounts (ISAs) provide tax exemptions for incomes and gains. Premium Bonds offer tax-free prizes, while utilising tax-free allowances…
The US taxation system imposes taxes on its citizens’ worldwide incomes, irrespective of where they reside. Consequently, US expats in the UK must pay tax in both countries, potentially leading to double taxation. To mitigate double taxation, they can explore…
Double taxation agreements are international legislation aimed to protect taxpayers from being taxed twice on the same income in different countries. GTC offers assistance with these claims to minimise your UK tax bill.
Expatriates wishing to continue building their UK state pension entitlement should make voluntary national insurance contributions. Application is via HMRC form CF83. GTC can offer assistance regarding the form.
The UK tax system allows non-domiciled residents to exclude their foreign incomes and gains from UK taxation using the remittance basis, as long as these funds are kept offshore permanently. Global Tax Consultants (GTC) offers advice on remittance basis planning.
When selling a UK home, you need to consider capital gains tax, irrespective of where you are living. Sellers may be required to complete an online property return for HMRC within 60 days of sale.
