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Many expatriates fall into the trap that, because they live in a tax free environment now, they do not need to worry about tax. However, without careful planning, all the assets they have built up could be seriously eroded when they return home, retire in the sun, or die.
Below are a range of questions that are frequently asked by people moving offshore and expatriates returning home or moving to another taxable environment:
Estate Planning
Estate planning might seem unnecessary if you're still decades from retirement, but it is a prudent move - particularly when you consider that if you don't make any alternative provision for your assets, the government could get the lot.
Inheritance Tax comes into effect once your assets exceed the ‘nil rate band’ – a situation which more and more people are finding themselves in.
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