International tax services advice
International tax advice
Where we live, where we work and where we buy property is virtually without limit these days and more of us are choosing to spend at least some of our time abroad.
The freedom to live, work and especially to buy property abroad can have important implications for the tax that you pay. Making sure you get the right tax advice is an important part of living and working abroad. We’ll help you with planning for tax efficiency, whether you’re in the process of planning a move or you’re already settled in.
Our experience in international tax services
Irwin Mitchell offers one point of contact for all your tax, legal and investment solutions. Because of the broad nature of the expertise available to us, we have the ability to advise on all your financial affairs, which in terms of practical planning is a great advantage, allowing us to provide superior all-round, integrated advice.
About international tax advice and tax planning
An integral part of any advice is determining tax efficient routes to maximise your investment returns and assist with inheritance tax planning. This can only be achieved by taking an overview of all the parts which make up your legal and financial life.
We’ll take a good look at your current and predicted circumstances to offer expert advice and guidance on the mitigation of your income tax, capital gains tax and inheritance tax.
International tax compliance
To ensure that your tax affairs are correct and up to date is more complicated following the introduction of self assessment for individuals and trustees.
We offer a comprehensive tax compliance service, giving you accurate, specialist tax knowledge. Upon your instruction we will undertake any necessary correspondence with third parties to obtain supporting documentation, and will correspond with the Inland Revenue to finalise matters on your behalf.
International inheritance tax (IHT)
Inheritance tax is a complex area of taxation which only used to be the concern of the very wealthy. However, the rise in house prices and the increased ownership of second properties has brought an increasing number of estates within the charge of IHT, so it is no longer an area which can be ignored. We can advise you on the best way to reduce the tax bill.
IHT is a tax payable on certain transfers of assets either during your lifetime or on death. The tax applies to individuals, so spouses are taxed separately. IHT is affected by an individual’s residence and domicile status. These are complex concepts and specialist advice should be sought if you do not live in the UK permanently, were not born here, or do not regard the UK as your permanent home.
We are able to provide detailed advice which is tailored to your specific circumstances. You should consider taking further specific advice relevant to your particular circumstances as there may be ways of structuring your estate in order to reduce the liability.
Call us now on +44 (0) 207 477 2775, or use the links above to drop us a line.