IHT
Five things you should know about estate planning in Portugal
For British expats living in Portugal, or for those with Portuguese assets, the local equivalent of inheritance tax maybe relatively straightforward, says director of Blevins Franks Jason Porter, but succession law is very different. If advisers do not understand the rules, their client’s estate may not be distributed in line with their wishes or could attract more taxation than necessary.
Tax & Regulation | 31 Jan 17
HMRC tax revenues from ‘enveloped’ properties up 53%
The UK tax office raised £178m ($223m, €208m) in financial year 2015/16 through taxing British homes owned by companies, data from London and Geneva-based law firm Collyer Bristow suggests.
Best Practice | 31 Jan 17
Six year-end tax issues for non-doms in the UK
The approaching tax year-end applies equally to those born in the UK and to foreign expats living there. This year, expats may have even more to consider given the new non-dom rules coming into force from 6 April 2017, warns Old Mutual Wealth’s financial planning expert, Rachael Griffin.
Tax & Regulation | 26 Jan 17
HMRC loss in IHT case unlikely to change pension transfer rule
A court ruling against HM Revenue & Customs on a case about inheritance tax (IHT) is unlikely to change the current two-year exemption rule on pension transfers, said Rachael Griffin, financial planning expert at Old Mutual Wealth.
Tax & Regulation | 20 Jan 17
Advisers urgently need to get clients IHT planning
Wealthy British residents over the age of 45 are forgetting or ignoring simple estate planning tools that could help them to pass on more of their estate to their families, according to Canada Life’s annual IHT survey.