The Cyprus Tax Haven: How Remote Working Contractors Can Enjoy 0% Tax
In today’s digital economy, remote working has become the norm for many contractors, and Cyprus is emerging as a haven for those looking to optimise their tax situation. The Cypriot tax system presents an opportunity for remote contractors to benefit from 0% tax, whether they operate with or without a Personal Service Company (PSC).
You will NOT pay inheritance tax
When it comes to inheritance tax, there's a common misconception that it's a burden you'll have to bear.
Understanding Cyprus's "Tax For All" System
Cyprus has introduced a groundbreaking "Tax For All" system. This comprehensive tax reform aims to simplify the tax filing process, enhance transparency, and ensure a more equitable tax collection. As Cyprus positions itself as a leading destination for expatriates and businesses, understanding the implications of this new system for tax residents is crucial.
Big Brother is Watching You
In an era where the concepts from George Orwell’s 1984 seem less like fiction and more like the daily news, expatriates around the globe are finding themselves at the crossroads of increased surveillance and shifting political winds.
Minimum income requirements for a UK visa are rising
The minimum income requirements are increasing from £18,600 to £29,000 in Spring with a further increase to £38,700 planned in 2025.
Investment risks buying property abroad
Investing in property overseas can be an enticing opportunity for many investors looking to diversify their portfolios, secure a vacation home, or capitalise on the potential for higher returns compared to their local market. However, venturing into the international real estate market is not without its challenges. From navigating complex legal frameworks to understanding the local tax implications, overseas property investment requires thorough due diligence to mitigate risks and avoid potential tax traps.
Make National Insurance Contributions for 2006-2016 by 5 April 2025
British expatriates have a unique opportunity to make up gaps in their national insurance records between 2006 - 2016.
Retrospective Tax for Properties Sold in Cyprus between 2021-2023
In 2021, Cyprus introduced a new property tax, ending years of debate and speculation about its implementation.. The new legislation stipulates that sellers of property in Cyprus are liable to pay a tax of 0.4% on the sale value at the time of transfer.
Tax Challenges for Footballers in the Saudi League
The trend of UK footballers moving to leagues like the Saudi League brings to light the broader challenges faced by expatriates. Understanding the tax implications and preparing for the adjustment process are crucial steps in making a successful transition to working abroad.
EU Residency Status for UK Expats Post-Brexit is at Member States' Discretion
With the United Kingdom no longer a member of the EU, residency status for UK nationals in various EU countries is now determined by the individual member states. In this article article I take a comprehensive overview of the post-Brexit residency rules for UK expats around the EU.
Discretionary vs Bare Trusts for British Expatriates
As a British citizen living or working abroad, understanding the nuances of trust law and its implications on your financial planning is crucial. Two common types of trusts that often come into consideration are Discretionary Trusts and Bare Trusts.
When do British expats need to submit a UK tax return?
Living abroad as a UK expatriate brings with it a host of exciting opportunities and experiences. However, it also carries certain obligations, particularly in the realm of taxation. Understanding when you are required to file a UK tax return is crucial in ensuring compliance with tax laws and avoiding potential penalties.