India budget fails to impress non-residents
120-day stay threshold not addressed which puts NRI status at risk for some
Budget
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Non-resident Indians want clarity from the budget
Wishlist includes one-year extension to temporary uplift in days NRIs can spend in the country
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Canada to tax foreign non-resident property owners
As a way to clamp down on individuals using the country as a ‘place to passively store their wealth’
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Guernsey to scrap income tax on international savings plans
As UAE advice firm chief expects a ‘commercial war’ between crown dependencies
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Spain to increase income and wealth tax
‘This will push UHNW retirees and investors to look at other more favourable jurisdictions’
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IFAs looking to sell urged to get cracking
Law firm warns of higher taxes if firms delay M&A deals until after Spring 2021 budget
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UK government scraps Autumn budget amid covid-19
‘At the moment, it would be extremely challenging to make long-term policy decisions’
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Should Brits scramble to use tax allowances as budget looms?
Nobody knows when the axe will fall, but it’s expected to come down hard
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What are the changes to the tapered annual allowance?
And is it just a ‘sticking plaster solution’?
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Inheritance tax untouched by UK chancellor
But budget sees £90,000 increase in tapered annual allowance
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If IHT was cut to 10% – what would it mean for advisers?
Rumours UK chancellor could also introduce a £30,000 cap on gifts in inheritance game changer
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Small consolation for South Africans hit by looming expat tax
As budget outlines plans to ‘phase out’ the concept of emigration