Navigating the complexities of UK tax when you are living or working abroad can be daunting. Whether you are moving overseas for work, retiring abroad, or managing business interests across multiple countries, expert guidance is essential to ensure you remain compliant while optimising your tax position. At Global Tax Consulting, we specialise in providing tailored Tax Planning Advice for Expats designed to help international individuals minimise their liabilities, make full use of available reliefs, and avoid unnecessary overpayments.
Why Expat Tax Planning Matters
Tax rules affecting expats are constantly evolving. The UK tax system interacts with foreign tax regimes in complex ways, meaning a lack of planning can lead to double taxation, unexpected liabilities, or missed opportunities for relief. Expats often face challenges such as:
Determining UK tax residency status under the Statutory Residence Test (SRT).
Understanding split-year treatment when moving in or out of the UK.
Managing foreign income, overseas pensions, and rental income.
Applying double taxation agreements (DTAs) correctly.
Structuring investments and assets in the most tax-efficient way.
Keeping compliant with HMRC reporting while abroad.
Without specialist advice, expats risk paying more tax than necessary or falling foul of compliance requirements.
Tailored Solutions for Every Expat
At Global Tax Consulting, we understand that no two expatriate situations are the same. That’s why we provide personalised tax planning strategies that reflect your individual circumstances, goals, and country of residence. Our services include:
1. Residency and Domicile Planning
We help you determine your UK residency status using the Statutory Residence Test and advise on the implications for your worldwide income. For those with non-domiciled status, we explore remittance basis planning and other reliefs to ensure you are not taxed unnecessarily.
2. Double Taxation Relief
Where income is taxed both in the UK and overseas, we ensure you benefit from relevant double taxation treaties and reliefs, preventing you from paying tax twice on the same income.
3. Foreign Income and Gains
From overseas rental income to foreign investments, we structure your affairs so that you benefit from the most favourable treatment. We also provide guidance on reporting foreign gains correctly to HMRC.
4. Pension and Retirement Planning
We assist expats in managing UK and overseas pensions, including QROPS and international pension transfers, while minimising tax exposure and ensuring compliance.
5. Inheritance Tax and Estate Structuring
Our inheritance tax planning ensures that assets held in the UK and abroad are passed on efficiently, avoiding unnecessary UK inheritance tax charges.
6. Compliance and Reporting
We handle the complex reporting obligations for expats, including HMRC self-assessment tax returns, disclosure of foreign income, and capital gains reporting.
Staying Ahead of Changing Rules
The UK tax system is frequently updated, and expats are often disproportionately affected by new legislation. Global Tax Consulting stays ahead of these developments, ensuring you are always informed and protected. Whether it’s changes to non-dom rules, capital gains tax on UK property, or evolving international tax agreements, we ensure your strategy remains current and effective.
Why Choose Global Tax Consulting?
Specialist Expertise — Our advisors focus specifically on expatriate tax matters.
Tailored Approach — Every client receives a bespoke strategy based on their personal and financial goals.
International Perspective — We understand the interaction between UK tax law and overseas tax regimes.
Proactive Planning — We don’t just ensure compliance; we help you plan ahead to minimise liabilities and safeguard your wealth.
Take Control of Your Expat Tax Position
Moving abroad or managing income across borders should be an exciting opportunity, not a tax burden. With Global Tax Consulting’s Tax Planning Advice for Expats, you can make the most of your international lifestyle while staying compliant and efficient.
Whether you are a UK national relocating overseas, a foreign national working in the UK, or a globally mobile individual with complex income streams, our team provides the clarity and strategies you need.