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Should you need to lodge a UK Tax Return with HMRC and this is your first time you will need to register for Self Assessment, how you do so depends on your circumstances. You can use a form SA1 if you need to register but you’re not self-employed. For example, if you: * become a […]

Yes you will need to lodge a UK Tax Return for the period 6th April – 5th April if you were: * self-employed as a ‘sole trader’ and earned more than £1,000 * a partner in a business partnership * a director of a UK Limited Company You will not usually need to send a

These changes to capital gains tax (CGT) are due to come into effect from 6 April 2020, but there will be a consultation on the details first. From April 2020: * Lettings relief will only be available to those who are in shared occupancy with a tenant. * The final period exemption allowing Principle Private

Following the transfer of UK sourced pension money to an Australian QROPS, it is then within the Australian superannuation system and will be covered by the Australian rules. However, upon withdrawal or rollover to another superannuation fund, UK tax charges may still apply to the money. There are two different tests for this. Which one

With the introduction of Flexi Access you have the flexibility to access your benefits up to 100% of the value of your funds, I would suggest you discuss this in further detail with a suitable qualified professional on your ability to access your pension benefits when considering your options. You need to be aware of

Retired In Australia and receiving a UK pension? Learn more as to how MoneyCorp can help you make the most of your pension benefits in Australia. As many retirees living overseas we know that the fixed income of a pension can sometimes mean that budgets are tight and you are often caught by FOREX fluctuations

There are many reasons why ex-pats need to send money abroad on a regular basis, from property maintenance or child support, to less frequent costs like tuition fees. Automatic payments via a Regular Payment Plan mean that all your bills get paid on time, and you can save yourself the time it takes to organise

From 6 April 2017, the government made changes to the way landlords are taxed in the UK. These landlord tax changes will be phased in over the next four years and will not be applied at the full rate straight away – allowing landlords to take necessary action over time. Who will the changes affect?

The changes will restrict relief for finance costs on residential properties to the basic rate of Income Tax. These changes will be introduced gradually from 6 April 2017. Finance costs includes mortgage interest, interest on loans to buy furnishings and fees incurred when taking out or repaying mortgages or loans. No relief is available for

21 July 2017 | Exposure Draft As part of the 2017-18 Budget, the Government announced that it would be making capital gains tax (CGT) changes for foreign residents. Main residence exemption From 9 May 2017 the Government will remove the entitlement to the CGT main residence exemption for foreign residents that have dwellings that qualify