With the ever-changing rules surrounding inheritance tax, you may feel confused as to how you can actually prepare for what some people call the ‘death tax.’ With news such as Chancellor’s Rishi Sunak plans to increase inheritance tax to offset the cost of the Covid-19 pandemic on the UK’s economy, combined with rising UK house…
Read more
A short answer to the question “Do I have to pay inheritance tax on my parent’s property” is yes. You have to pay inheritance tax in the UK for your parent’s house, and families often question why they have to pay taxes on property and estate that is theirs. During a lifetime, one will pay…
Read more
The UK government is committed to creating a tax system that not only draws in global talent and investment but also spurs economic expansion. At the heart of its philosophy lies the conviction that individuals with more substantial financial means ought to bear a larger share of the tax burden. Outdated Domicile Concept and Tax…
Read more
Learn about the tax and residency rules and considerations for UK retirees abroad. Find out how to minimize taxes on pensions, navigate capital gains tax, plan for wealth tax, and prepare for any inheritance tax liabilities that arise. Choose a country with a low or favourable tax regime as your retirement destination whenever possible. Discover…
Read more
UK wealth taxes are taxes levied on the value of an individual’s assets. This includes property, savings, and investments. They are designed to prevent large concentrations of wealth from being passed down through generations, but also to fund public services such as healthcare and education. These taxes can be controversial because it can be difficult…
Read more
The United Kingdom is a country with many different types of taxes, most of which are high when compared to other countries. The ones that affect property owners the most are income tax, capital gains tax, and Stamp Duty Land Tax. A 2019 Tax Foundation report found that property taxes accounted for 12.4% of total…
Read more
This article will explore and inform about how the UK tax system works for non-nationals looking to move to the UK to live and work or are eying to invest there. In particular, we will look into tax and estate planning for those considering emigrating to the United Kingdom and becoming UK residents, and any…
Read more
The Treasury needs more money to cover the additional costs of the coronavirus pandemic – and it is going to do it by… raising taxes and freezing current tax allowances. These changes, which cover a range of consumer and personal taxes, will undoubtedly impact local and expat investors and those saving for their retirement the…
Read more
Taxes associated with UK property ownership are plenty and can be quite complicated. Let’s take for example taxes you need to pay when you are selling your property in the UK. Do you need to pay any taxes, and if yes – which ones? There are two UK property taxes – capital gains tax and…
Read more
Hong Kong citizens who are considering relocating or investing in the UK property market should ensure they have a thorough understanding of the UK tax system, and they should be proactive about tax planning prior to arrival or purchase. Those with a BNO visa, too, will be subject to the UK’s global tax system, which…
Read more
Soteria Trusts
Level 15/16, The Hong Kong Club Building
3A Chater Road, Central
Hong Kong
Tel: +852 2168 0626
Connect With UsClient Data Privacy and Protection is important to us. Please Click Here for a copy of our Personal Information Collection Statement (PICS).
© 2024 Soteria Trusts | Privacy Policy | Disclaimer
