Offshore Group - Commercial’s Post

Join us tomorrow for our free 45-minute advisory sessions on tax issues surrounding your residency position. These sessions are aimed at individuals seeking assistance in navigating the UK Personal Tax system, covering: ▪️ Residency assessments ▪️ Eligibility for split-year tax treatment ▪️ Taxation of foreign income There is only one session remaining so don’t miss out > https://lnkd.in/eB9rpxKe #Brighton #PersonalTax #Residency #SplitYearTreatment #OverseasIncome

Join us tomorrow for our free 45-minute advisory sessions on tax issues surrounding your residency position. These sessions are aimed at individuals seeking assistance in navigating the UK Personal Tax system, covering: ▪️ Residency assessments ▪️ Eligibility for split-year tax treatment ▪️ Taxation of foreign income There is only one session remaining so don’t miss out > https://bit.ly/4aYarfv #Brighton #PersonalTax #Residency #SplitYearTreatment #OverseasIncome

This Wednesday, we are holding free 45 minute advice sessions on tax issues surrounding your residency position. These sessions are aimed at those who need help with navigating the UK Personal Tax system to include: ▪️ Residency reviews ▪️ Availability of split-year tax treatment ▪️ Taxation of overseas income With only one session left, make sure to book your individual consultation here > https://bit.ly/4aYarfv #Brighton #PersonalTax #Residency #SplitYearTreatment #OverseasIncome

The Statutory Residence Test (SRT) is a series of tests that determine whether as a UK taxpayer, you are a UK tax resident or UK tax non-resident. UK tax residents are taxable on worldwide income and UK tax non-residents are only taxable in the UK on their UK sources of income. Knowing what tax to pay, where to pay it and when can be a complex process. Watch the full video by Laura Sant for information on the questions you need to answer to understand your UK tax status: https://buff.ly/3VPBH9Y LSR Partners LLP are a firm of UK tax advisors with specific expertise in UK tax regulations for those with financial interests both in the UK and abroad. Contact us on +44 330 165 5340, email clientservices@lsrpartners.com or visit lsrpartners.com. UK tax clarity for global clients - Pay the right tax in the right place at the right time. #expattax #internationaltax #uktax #statutoryresidencetest #srt #hmrc

Changes to the Taxation of Non-UK Domiciled Individuals. Policy Paper published 27 July 2024 – Are you Ready? The new Chancellor, Rachel Reeves, has now confirmed that the changes previously announced to the taxation of non-UK domiciled individuals in March 2024 will go ahead with some modifications. Read our Briefing Note for more information: - What is intended to go ahead from 6 April 2025? - Are there any modifications to the original proposals going ahead after 6 April 2025? - What about any other changes? https://lnkd.in/dykYzef9 For advice and assistance relating to any of the matters discussed in this Briefing Note, please contact Chris Cooke, Karen Methold, or Robert Drysdale. #Tax #NonUKDomiciledIndividuals #WealthPlanning

The Australian Taxation Office (ATO) has warned of tax schemes that could impact your NDIS business. The ATO says unethical tax advisors often target small businesses with illegal schemes. These schemes may involve complex transactions, misclassifying of funds to avoid tax or exploiting tax concessions. These schemes can end up with you losing your investment and having to pay back tax with penalties. Some signs of unlawful tax schemes include advisers who: * Charge a fee or commission based on tax saved * Guarantee zero-risk results * Demand secrecy from your business * Discourage you from seeking other advice If you suspect that an adviser is promoting an unlawful tax scheme, you can report them anonymously to the ATO. ------ I am one of only a few Australian accountants who understands the unique position of the disability sector and its complex regulations. DM me if you need help with bookkeeping, accounting, tax or business advisory services. #ndis #ndisaccountant #tax

The UK tax legislation is full of anti avoidance provisions to stop individuals paying less tax 💰 One such provision is the temporary non residence rules ‼️ These stop people going abroad for a short period of time, realising income or gains in a non uk resident period (to avoid UK tax) and returning in a short time frame 🏝️ To be a temporary non resident, you will have been UK resident for 4 out of 7 years prior to departure, and returned to the UK within 5 years of non residence ⏰ The effect of being caught is that you will be taxed on that income and gains in the year of your return to the UK 🤔 Temporary non residence rules should be a keen consideration for those looking to leave the UK ahead of the upcoming budget 💼

When is an individual non-resident for UK tax purposes? 🤔💡💰 An individual is considered a UK resident if they meet certain criteria outlined in the Statutory Residence Test (SRT), which considers factors such as: ✅ the number of days spent in the UK ✅ ties to the UK (like family, accommodation, work) ✅ and the purpose and frequency of visits. For more information on residency and domicile tax advice, please visit our website ➡️https://lnkd.in/ek_iwmkq Got some questions? 💬 Get in touch with our team today at info@wttconsulting.co.uk #nondom #nondomicile #domicile #nondomtax #exitstrategies #tax #uktax #taxation #nonresident #residency #statutoryresidencetest #residencystatus

📅 Upcoming Event: Tax Issues Around Your Residency Position! Next Wednesday, we are holding free 45 minute advice sessions on tax issues surrounding your residency position. These sessions are aimed at those who need help with navigating the UK Personal Tax system to include: ▪️ Residency reviews ▪️ Availability of split-year tax treatment ▪️ Taxation of overseas income Only two sessions remain so don’t miss out and book your individual consultation here > https://bit.ly/4aYarfv #Brighton #PersonalTax #Residency #SplitYearTreatment #OverseasIncome

How well do you know the Direct Payment to Non-residents (DNPI) scheme? Whilst it may appear complex at first, we are breaking down the scheme so you can understand your tax obligations. Read more: https://bit.ly/3Wcd3lk #DNPI #InternationalTax #HMRC