The second article of the Roadmap is about US/UK Tax. “Don’t let the tax tail wag the investment dog,” in other words don’t let tax decisions drive your investment choices. But what if your dog has two tails and they’re waggling in the opposite direction?...
As one deadline passes, another approaches. At least that is the case for American citizens living in the UK. Just as you exhale after the US deadline, it’s time to begin considering end of tax year planning for your UK tax affairs before 5th April. Below is a...
US Citizens living abroad have a whole host of challenges when managing their financial lives. As you will be aware, the US tax on citizenship rather than residency and as such Americans living overseas must declare their global income and gains to the Internal...
There has been a lot of talk about the gift and estate tax exemption, currently $11.7m, being cut by half. Although nothing is guaranteed, we expect this to come into force as of 1st January 2022. If the allowance is not utilised before the end of the year, it will be...
Ordinarily, the things that need to be done before Tax Year End are largely the same every year, we have highlighted these in section 1. Section 2 details some of the 2021 relevant topics, which need to be considered. Section 1 – Tax Planning 01 Capital Gains...
Boris Johnson has made a commitment to provide £25bn for NHS England, approximately £5bn for healthcare in the devolved nations and £5.3bn for social care. To raise these revenues, two taxes are being raised: National Insurance (NIC) – National Insurance...
