With greater freedom to live and work abroad, more people are facing international tax issues.
Given the differing income tax rates between countries and costs associated with double taxation, we can help you to avoid pitfalls and make the best choices.
As members of HLB International we have access to an international network of colleagues and can offer support and a comprehensive range of services.
International taxes can be complex, let us help you plan and exceute your strategies
Our team of tax Partners and consultants has a wealth of expertise and experience in advising individuals on international matters. A few of the common areas we deal with are:
- Understand how the UK statutory residence test might affect your circumstances and advise you on the advantages and disadvantages of being a UK tax resident
- If you are not UK domiciled we can advise you on the remittance basis of taxation to minimise UK tax
- We can help you will payroll issues if you are moving to or leaving the UK, particularly to avoid double taxation
- We can help you determine how certain UK income streams will be taxed when you move abroad, for example a pension or rental income on a buy-to-let property
- If you are a resident or domiciled as this can have implications for both inheritance tax and capital gains tax.
Different because you are
We pride ourselves in providing individually tailored services to our clients. Whatever your aspirations and priorities in business and life, we will be by your side with expert advice from local specialists. It is because your needs are unique, that the solutions we provide are distinct and personalised to you.
International matters are typically non-standard and so each solution is tailored to your specific requirements. Our approach is to get to know you and your objectives and develop bespoke, cost effective solutions built around you. Get in touch to speak to one of our team.
Why might I need Tax Investigation Cover?
Lovewell Blake Tax Investigation Cover will pay our professional fees for dealing with an HMRC investigation or enquiry.Our cover is market leading and there is no excess to pay. In the event of a tax investigation or enquiry we can handle everything including all correspondence with HMRC and even host meetings with the Inspector on your behalf.
Even if you have done nothing wrong it can take time to prove this to HMRC and deal with their letters and enquiries. Many of our clients value the peace of mind TIC provides. See our dedicated Tax Investigation Cover page for more information and to subscribe online.
Can Lovewell Blake handle the international aspects of my affairs?
Lovewell Blake is a member of HLB International. HLB International is a global network of independent advisory and accounting firms, comprising member firms in 158 countries. HLB International member firms offer audit, accounting, tax and business advisory services. HLB International is a leading mid-tier accounting network. Through our HLB sister firms, we have access to vast expertise all over the world and regularly work with these firms to provide a joined up, international strategy to many of our clients.
What is a Trust and how does it work?
A trust is an arrangement where assets can be held on behalf of someone else. The settlor creates the trust and transfers assets into it. The assets are held in the Trust for the ultimate benefit of the beneficiaries. Beneficiaries are commonly young children or family members. Trusts are managed by Trustees, who can be the settlor, other family members or professional advisers such as accountants.
Trusts can be a very tax efficient way of reducing exposure to some wealth taxes such as inheritance tax when structured under a comprehensive tax planning arrangement. Trusts are also commonly used to 'park' assets and control the time at which the beneficiary has full entitlement to the asset. Professional advice is absolutely critical if you are considering the use of Trusts. Speak to one of our specialists or get in touch.