Tag: Double Taxation Agreements

Your asset protection specialist

Estate Planning for Blended Families

Blended families often come with added layers of complexity when it comes to estate planning. While navigating these challenges can feel overwhelming, proper planning can ensure everyone you care about is provided for. Whether you’re managing assets between a current spouse and children from a previous relationship or trying to prevent family disputes, creating a…
Read more

What Are the 3 Main Inheritance Issues for Blended Families (and How to Address Them)?

Stepchildren, multiple spouses, and varying family dynamics create a complex case for planning your estate and ensuring a fair and secure inheritance for all the people you care about.  The good news is these complexities aren’t insurmountable if they’re approached with caution, honesty, and professional guidance. This artilce will explore the three most common inheritance…
Read more

What are the New UK Long-Term Residency Rules? 

The UK government recently introduced a new framework to revise residency and domicile regulations. The rules, brought into effect as part of broader restructuring around non-domicile status, present updated tax obligations and eligibility criteria for expats. These changes ensure tax fairness while aligning foreign income, inheritance tax (IHT) regulations, and residency requirements under a “residence-first”…
Read more

The New ‘Long-Term Resident’ Classification and Residence Tails Under the 2025 UK Tax Regime

From 6 April 2025, significant changes in UK tax legislation will take effect, reshaping how residency status influences inheritance tax (IHT) and asset planning. Central to these reforms are the introduction of the “Long-Term Resident” classification and the implementation of “residence tails.” Together, these provisions redefine the scope of Inheritance Tax (IHT) liability for individuals…
Read more

Abolition of Non-Dom Status

The UK government’s recent announcement to abolish the current non-domicile (non-dom) tax status from 6 April 2025 signals a landmark shift in financial planning for individuals previously benefiting from this regime. For over 200 years, the non-dom framework has afforded UK residents with permanent homes abroad significant tax advantages. However, the proposed replacement—a residence-based test…
Read more

Understanding Your Pension Commencement Lump Sum Payout

Please be advised that the information in this article regarding QNUPS and IHT is no longer accurate due to the recent changes announced in the UK Budget. Starting in April 2025, the regulations will have significant implications that may affect your understanding of these topics. We encourage you to stay informed and consult with a…
Read more

Leveraging QNUPS for Long-term Investment and Savings Opportunities

Please be advised that the information in this article regarding QNUPS and IHT is no longer accurate due to the recent changes announced in the UK Budget. Starting in April 2025, the regulations will have significant implications that may affect your understanding of these topics. We encourage you to stay informed and consult with a…
Read more

Double Taxation Agreements: A Gateway to Optimized Retirement Planning

Please be advised that the information in this article regarding QNUPS and IHT is no longer accurate due to the recent changes announced in the UK Budget. Starting in April 2025, the regulations will have significant implications that may affect your understanding of these topics. We encourage you to stay informed and consult with a…
Read more