Overseas Tax Advisory
Helping clients avoid paying unnecessary tax bills
Moving overseas, arriving to work & live in the UK, returning to the UK after living abroad without the relevant expert advice can end up leaving you paying tax twice and falling foul of other tax laws.
Overseas Tax Advisory Service?
Do you live outside of the UK? Are you about to return to work in the UK? Are you coming to the UK for the first time to work? Are you about to leave the UK to work overseas? Do you live in the UK and are considering buying a property overseas?
If you answer yes to any of these questions, our highly skilled personal tax advisors can help you fully understand your tax position so that you don’t pay any unnecessary taxes here or overseas.
HMRC conduct a strict residency test so that it is clear when someone starts and stops being a UK tax resident. It is critical that you understand the tax position relating to working overseas or returning to work in the UK so that you can optimally manage your tax and national insurance position.
What would happen if I don't consult a Personal Tax Advisor?
You may not manage your time in the UK or overseas appropriately to manage your personal tax position
You may not fully appreciate the UK tax position as it can change quite often and take the wrong personal or financial action
You could pay the incorrect UK national insurance contributions
Failure to get proper advice could lead to you easily triggering the UK tax resident tax status and face an unexpected and unnecessary tax bill.
Failure to get proper advice before emigrating overseas could lead to an unexpected tax exposure on a property sale.
Ultimately failure to engage with a tax professional is likely to lead to unexpected or unnecessary tax bills.
"I have been living and working in the USA for more than 20 years and have used Klarity Tax and their predecessor for most of that time. I value the personal service I receive and the diligent follow up to any taxation questions I might have. They have been invaluable since my final retirement from full time employment."
— Name, Title
Due to the complexity around UK personal tax position it is wise to obtain advice from a personal tax advisor who will:
Provide advice on your likely residence and domicile status
Provide up-to-date information on all relevant UK personal tax matters
Provide advice on financial actions that you could take
Provide information on UK national insurance contributions
Help with UK tax paperwork
How much does it cost?
There is a fixed fee of £185 for your personalised Klarity Tax Inheritance Tax report. You can spread the cost with a monthly direct debit.
We will issue a specific letter of engagement for your approval and signature before we start work on your behalf.
If your affairs turn out to be extremely complex or additional advice is required, we will provide a fee quote before additional work is carried out.
Also, when you do work overseas we can provide HMRC with evidence to support your visits to the UK – just check our overseas visits service for more information.