UK expats must review wills ahead of EU succession rules
UK residents with assets in Europe could become liable for a heavy tax bill on their death as a result of changes in EU cross-border succession rules due to become effective next week.
UK residents with assets in Europe could become liable for a heavy tax bill on their death as a result of changes in EU cross-border succession rules due to become effective next week.
The Canary Islands has announced that tax on successions and gifts to children and spouses will be reduced by 99%, a measure which is likely to save taxpayers on the island around €30m next year.
Many UK expats based in Portugal have retained their trusts, even though the Government introduced a tax of 28% on trust distributions from 1 January 2015.
Geneva-headquartered financial advisory group Forth Capital has launched an international tax service in London after recruiting former long-standing head of tax at Blevins Franks, Nicole Booth, to lead it.
Non-French residents will no longer have to pay social charges on unfurnished rental income or capital gains on French property after the taxes were ruled as discriminatory by the European Court of Justice.
Non-French residents will no longer have to pay social charges on unfurnished rental income or capital gains on French property after the taxes were ruled as “discriminatory” by the European Court of Justice.
France has always been an attractive place to live but, there is a long-held perception that French taxes will eat up much of your income and savings, says Jason Porter, business development manager at Blevins Franks.
Trusts established by Portuguese resident individuals are now to be taxed for the first time after new rules were introduced on 1 January.
Blevins Franks has acquired Siddalls France to "accelerate its growth plans” in the country.
Momentum Pensions has appointed Karl Formosa to the new position of group operations manager at its head office in Malta.
Eight months after they were part of a management buyout of the international Blevins Franks financial advisory group, John Stone and John Simmonds have unveiled plans to double the size of the business over the next five years.
William Blevins and David Franks, founders of the international Blevins Franks financial advisory group, have sold their stakes in the business to a group of investors that includes key employees in the business as well as Lombard International founder John Stone, and Bluefin Advisory founder John Simmonds.