If you’re a resident foreigner (or non domiciliary) for tax purposes, you may be aware that some fundamental changes were brought in with effect from 6 April 2017. It’s a landscape that is continuing to change and, in this post, we summarise the three most important recent changes that may affect you.
You’ve worked hard, investing your time, energy and talents into your business. Now perhaps either you need to extract money for the first time, or you feel it’s just time to reap some of the rewards of your hard work.
Capital Gains Tax is the tax you pay when you sell or ‘dispose of’ an asset. It’s the gain you make on any increase in value that’s taxed, not the amount of money you receive and careful planning of any disposal is required in order to avoid a potentially significant tax liability.
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