Cyprus Cuts Tax on Savings for Expats
TAX on SAVINGS & INVESTMENT FOR EXPATS
Expat Savers can make more tax savings following changes in Cyprus Taxes for Expats. Pay just 0% on saving and investment income. Suddenly Cyprus becomes a world class tax residence for expats living working and investing abroad in Cyprus.
Cyprus Cuts Tax on Savings for Expats
Expat Tax Saving Checklist
Sam Orgill of ProACT Partnership with Tax Saving Tips for Expats Living and Working Abroad in Cyprus UK
Expat Savers can make more tax savings following changes in the UK Budget and with Cyprus Taxes.
Tax Savings can extend to inheritance following changes to Wills and Inheritance tax rates in the UK. They also include Pension Freedom to pay 5% pension income tax or lower.
With Property Tax Savings are always available for the shrewd investor in overseas property.
UK Dividend Tax Saving Boost for Expats
UK Dividend Tax Saving Boost for Expats U.K. Dividend taxes change radically under proposals planned to start for 2016-17. Currently UK company dividends are taxed at a flat 10% tax credit at source. This is to be abolished. New taxes are to replace these along with a tax free earnings that give Tax Saving opportunities to small investors and Expats.
Domicile Inheritance Tax - Gifts Make Simple
Domicile and Inheritance Tax
If you want to avoid 40% Inheritance tax in the UK, your choices need further consideration with the new EU legislation and a global move towards a statutory definition of Domicile.
If you write in a Will confirming your domicile as your home country then Inheritance Tax is assessed there. 0% inheritance tax applies in Cyprus if family inherit under Cyprus laws of succession.
A Cyprus centred approach could trigger a full Inheritance tax assessment of Worldwide assets on death. Meaning UK expats pay 40% tax on Cyprus Overseas Property Assets.