TAX PLANNING
A team at the service of your objectivesOur team of global experts are able to design custom solutions to minimise your tax burden given your personal circumstances.
We are able to optimise your investments taking into concideration your domicile, tax residence, current financial position and any tax allowances you may be entitiled to.
While it is important never to let “the tax tail wag the investement dog.” It is imperative to organise your investments in the most tax efficient manner in order to optimise your financial position.
Ark Capital are able to assist you in obtaining residency within a number of jurisdictions including; Portugal, UAE and St.Lucia.
Obtaining residency within these various locations can offer very large tax incentives as well as access to other economic areas and the right to reside in a new country.
A Trust is an arrangement that allows you to transfer assets to someone else, without losing control.
When used in the appropriate manner, Trusts are beneficial for estate and estate planning.
Although notoriously complex, our Trust planning experts provide options that are available to you, in an easy to understand manner.
Inheritance tax or IHT planning is one of the most important aspects of tax planning for expats.
In the UK, even those who retire and pass away abroad may still be liable to a 40% IHT tax charge on their worldwide assets if their domicle is deemed by HMRC to remain in the UK.
Effective IHT planning can enable you to pass on your hard earned assets to your loved ones, without having to surrender a significant portion to the tax man.
The pension lifetime allowance limits the total amount that you can save in pensions whilst receiving tax relief. This applies to the value of all your pensions, except your state pension. If your pension savings exceed the lifetime allowance, you’ll generally pay a tax charge on the excess when you :
- Take a lump sum or income from your pension pot
- Transfer overseas
- Reach age 75 with unused pension benefits
- Pass away, with unused pension benefits
Whilst living abroad it is very important that expats obtain local wills that are legally binding within their current jurisdiction. Without this, on detah your assets will be distributed in accordance with local law and not to your desired beneficiaries.
