As the UK prepares for the Autumn Budget on 26 November 2025, a sense of anticipation and concern is growing among individuals, families, and business owners. With significant fiscal pressures and a shifting economic landscape, the government is expected to announce a series of tax changes that could have profound implications for your financial future.…
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For individuals with financial ties to more than one country, navigating the world of international tax can be a source of significant anxiety. The prospect of having your hard-earned income, capital gains, or inheritance taxed by two different countries—once in the UK and again in your country of residence—is a daunting one. This issue, known…
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At Soteria Trusts, we often find that one of the most valuable Inheritance Tax (IHT) exemptions is also one clients use the least: the “Gifts Out of Income” exemption. It’s a powerful tool, yet surprisingly underutilised. Let’s demystify how it works and why it deserves your attention. What is the gift of out income IHT…
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Planning your legacy should be a thoughtful, empowering process. In Hong Kong, creating a Will is an important step to ensure your assets are managed and distributed according to your wishes. One question we often encounter is: “Do I need a lawyer to write my Will?” The answer is reassuring—there is no legal requirement to…
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When it comes to estate planning, many people focus on personal assets like property, savings, and sentimental possessions. However, if you own or are heavily involved in a business, there’s another essential document to consider—a Business Will. At Soteria Trusts, we specialise in helping business owners in Hong Kong secure not just their personal estates…
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August is Will Awarness Month, a crucial reminder for Hong Kong residents to examine their estate planning arrangements. This annual observance highlights a sobering reality: while many of us meticulously plan our careers and investments, we often neglect one of the most important documents we’ll ever create—our Will. Estate planning isn’t just about distributing assets…
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Inheritance Tax (IHT) planning remains a major challenge for wealthy families, UK taxpayers, expats with UK assets, and investors. With an effective rate of 40% on estates above the tax-free threshold, IHT can significantly reduce the wealth passed on to loved ones. However, careful and strategic planning can help mitigate these costs, ensuring your hard-earned…
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