TBA & Associates’ Post

Thinking of incorporating your business in a new jurisdiction? Consider the Isle of Man for its numerous benefits: 1. Tax Efficiency: Enjoy low corporate tax rates (0-10%) and no capital gains or inheritance taxes. 2. Strategic Location: Positioned between the UK and Ireland, offering easy access to international markets. 3. Business-Friendly Environment: Streamlined incorporation process and supportive government policies. 4. Asset Protection: Robust legal frameworks and trust structures. 5. Skilled Workforce: Highly educated and diverse talent pool. 6. Financial Stability: Strong regulatory framework and political stability. Explore how the Isle of Man can help your business thrive. #BusinessIncorporation #IsleOfMan #TaxBenefits #GlobalBusiness #AssetProtection #FinancialStability Discover more here: https://lnkd.in/ey4QQUrY

Expats returning to the UK - owning UK property - must seek advice on what exactly they should be doing. Of course, a lot of this would be driven around personal/family plans and goals... but just putting it out there that there are differing rules when it comes to UK Capital Gains Tax - being UK resident and non-UK resident. One particular angle we explore is around the rebasing to April 2015 that can be accessed by non-UK resident individuals. Speak to me first and leverage my expertise, knowledge and technical awareness if you are an expat, planning a move back to the UK... There are multiple angles that can be explored to reduce future taxes, enormously! ASWATAX #ukproperty #expat #taxadvisory

Did you now that many Caribbean countries, including Antigua and Barbuda, provide tax advantages for both investors and residents? These nations are known for having no capital gains tax and no inheritance tax, making them particularly beneficial for wealth management and estate planning. Antigua and Barbuda in particular, stands out as a prime destination for investors seeking a favorable tax position. This position not only simplifies financial planning but also enhances the potential for investment growth. Whether you're considering real estate, starting a business, or planning for future generations, Antigua and Barbuda offers a welcoming and financially beneficial environment. Reach out to #HarveyLawGroup to explore what this beautiful Caribbean Island has to offer! #CitizenshipByInvestment #RCBI #WealthManagement

Over the years, international travel has become more accessible, leading many to establish roots or conduct business abroad. The complexities of estate planning for high-net-worth individuals (HNWIs) with international wealth are the focus of this study. Estate planning is crucial for managing wealth, involving family beneficiaries and tax mitigation. As wealth diversifies across assets, structures, and jurisdictions, planning becomes intricate, especially for international HNWIs facing various tax laws and regulations. The challenges intensify due to differences in family and inheritance laws, local assets, and tax treaties across borders. Despite these hurdles, many individuals with international ties overlook the need for a comprehensive estate plan. Recognizing the obstacles encountered by HNWIs with offshore wealth underscores the importance of seeking financial or legal guidance to navigate the complexities effectively. Understanding the implications of inadequate planning is vital for those holding wealth or assets overseas. Addressing these challenges head-on can safeguard assets and ensure a seamless transfer of wealth to future generations. #EstatePlanning #WealthManagement #HighNetWorth #InternationalWealth #FinancialPlanning

In a dynamic global landscape, safeguarding your wealth and ensuring a smooth transition for your loved ones is paramount. Yet, many expats find themselves overlooking crucial aspects of tax and estate planning, leaving their financial legacies vulnerable.  #WealthManagement #TaxPlanning #EstatePlanning #FinancialSecurity https://lnkd.in/ex7ASE4T

Planning for the future is a significant step, and when it comes to safeguarding your assets, navigating the complexities of estate planning is crucial. For immigrants, this journey often involves unique challenges tied to diverse cultural backgrounds, legal intricacies, and various tax considerations. https://lnkd.in/gUMDvFT4

A withering survey by the Institute of Directors: The Ask: "How confident" are businesses about Local Enterprise Partnership powers being transferred to local authorities? Fundamentally, I think this is about tax devolution. In 2022 the Centre for Cities and Resolution Foundation called the UK's system of local government "over-centralised, inefficient and under-resourced." and blamed it for a decade of stagnant growth. Devolving "powers" to regions of the UK (rather than just "responsibilities" such as transport, etc.) could allow a more tailored, regional approach to inspiring economic growth. It may inspire a new sense of community and money spent in the regions in which it is paid, as well as reducing the more wasteful national vanity projects. It might also see genuine relocation from London to the regions of the kind government has been trying to inspire for a while - not just of civil service but of corporate offices too. This will have to be somewhat pragmatic: a real life enactment of GK Chesterton's 'Napoleon of Notting Hill' in which newly patriotic town councils go to war with one another (whether literally or economically) is probably not what we want.

Estate planning is a comprehensive process that goes beyond simply having an up-to-date Will. It’s about ensuring your assets are distributed in the most effective way possible, without causing any adverse tax implications for your beneficiaries. Check out Sonia Dallimore’s insight. Link in the comment section #EstatePlanning #AssetDistribution #InheritancePlanning #Australia #Beaumaris #Geelong #VistaFinancialGroup #AchieveYourTomorrow

Navigating the complexities of owning a cottage in Canada involves more than just financial considerations. Learn how to manage emotional ties, family dynamics, and tax implications effectively in this insightful read. #recreationalproperties #estateplanning #financialadvising https://ow.ly/vqBb50SX54l

View our latest guide for the key UK tax rates and allowances that you need to be aware of, including Income Tax, Capital Gains Tax, Inheritance Tax, property taxes and much more.