In this episode Collyer Bristow’s Aidan Grant was invited by Richard Taylor from Plan First Wealth to appear on its ‘We’re the Brits in America’ podcast to discuss UK Domicile & Tax Changes: What you need to know about the changes to worldwide assets.
We’re the Brits in America Episode Description: There are tax changes coming in the UK – new rules replacing the domicile system with a tax residency-based system. This could affect your inheritance tax exposure, among others if you’ve been out of the UK for over 10 years.
To find out what it all means, Richard Taylor welcomes back Aidan Grant, a partner specialising in Tax and Trust Estates Planning at the law firm Collier Bristow. Aidan advises cross-border families and expats on navigating complex taxation and estate planning issues. The new rules in the UK are certainly complex.
Plus, for those moving back to the UK or coming for the first time after being abroad for over 10 years, you can leverage the FIG regime; it allows a four-year tax exemption on foreign income and gains. This can be strategically used to manage assets and liquidate investments without UK tax burdens. How do you do it? Aidan and Richard discuss.
Disclaimer: This content is provided for general information only and does not constitute legal or other professional advice. Appropriate legal or other professional opinion should be taken before taking or omitting to take any action in respect of any specific problem. Collyer Bristow LLP accepts no liability for any loss or damage which may arise from reliance on information contained in this material.
UK Domicile & Tax Changes: What you need to know about the changes to worldwide assets (We’re the Brits in America)
In this episode Collyer Bristow's Aidan Grant was invited by Richard Taylor from Plan First Wealth to appear on its 'We're the Brits in America' podcast to discuss UK Domicile & Tax Changes: What you need to know about the changes to worldwide assets.
In this episode Collyer Bristow’s Aidan Grant was invited by Richard Taylor from Plan First Wealth to appear on its ‘We’re the Brits in America’ podcast to discuss UK Domicile & Tax Changes: What you need to know about the changes to worldwide assets.
We’re the Brits in America Episode Description: There are tax changes coming in the UK – new rules replacing the domicile system with a tax residency-based system. This could affect your inheritance tax exposure, among others if you’ve been out of the UK for over 10 years.
To find out what it all means, Richard Taylor welcomes back Aidan Grant, a partner specialising in Tax and Trust Estates Planning at the law firm Collier Bristow. Aidan advises cross-border families and expats on navigating complex taxation and estate planning issues. The new rules in the UK are certainly complex.
Plus, for those moving back to the UK or coming for the first time after being abroad for over 10 years, you can leverage the FIG regime; it allows a four-year tax exemption on foreign income and gains. This can be strategically used to manage assets and liquidate investments without UK tax burdens. How do you do it? Aidan and Richard discuss.
Please note that Collyer Bristow provides this service during office hours for general information and enquiries only and that no legal or other professional advice will be provided over the WhatsApp platform. Please also note that if you choose to use this platform your personal data is likely to be processed outside the UK and EEA, including in the US. Appropriate legal or other professional opinion should be taken before taking or omitting to take any action in respect of any specific problem. Collyer Bristow LLP accepts no liability for any loss or damage which may arise from reliance on information provided. All information will be deleted immediately upon completion of a conversation.
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