Submitted by Sestini & Co
| on Tue, 05/06/2014 - 19:04 | In Uncategorized
Planning on moving abroad? Whether it’s permanent or temporary, business or pleasure, there’s a lot to think about: not least, dealing with your new home’s tax regulations.
And just because you’re no longer in the UK doesn’t necessarily mean that you no longer have to keep the HMRC up to date on your earnings. Different tax treaties between countries mean that it’s important to understand what you need to do to ensure a smooth exit, and to avoid paying tax twice or unexpectedly.
Did you know for example that outside of the UK an ISA wouldn’t be tax effective or that in the Netherlands rental income is taxed based on the property value rather than income received not to mention that in the Netherlands, citizens are apparently permitted to deduct the costs of training in the fine art of witchcraft…?
We work with trusted tax experts around the world to plan and co-ordinate your tax affairs between the two (or more) tax systems, making sure that you benefit from tax treaties and reliefs available, wherever you are.
We’ve been doing this a long time, so we also know people who can help with the more practical aspects of relocation, such as househunting, removals, finding schools or just general advice. Just give us a call to discuss your needs.