Many individuals leaving the UK to live abroad often assume that they are leaving behind not only th...
Many individuals leaving the UK to live abroad often assume that they are leaving behind not only the delightful summer weather but also the implications of the UK tax system. This, in fact, is not the case. Taxes on some income and on capital gains may be avoided, but tax liabilities on wealth - such as inheritance tax (IHT) - are more difficult to leave behind. An anticipated emigration may therefore be an opportunity for intermediaries to assist clients with their financial affairs and in doing so perhaps avoid unnecessary tax liabilities that may arise through optimism and lack of p...
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