What is Spanish Wealth Tax? It is an annual tax levied on the total net worth of a person's wealth as of 31st December each year. An individual's net wealth is comprised of all the assets and economic rights owned by him less encumbrances that diminish their value and other allowable deductions such as personal obligations or debts. Wealth tax is a progressive tax which means the higher the wealth, the higher the rate of tax. People with more wealth are going to pay more taxe

Any UK expat residing in a foreign country is often concerned about Inheritance Tax (IHT). Needless to say, UK IHT is a complex phenomenon and traversing it is even more difficult for expats. Many a time, expats are liable for the tax without even realising it. If you are looking for an easy yet comprehensive guide on Inheritance Tax and its implications for the UK, then this article is for you. What is UK Inheritance Tax? Simply put, UK Inheritance Tax is a tax levied on th

The Portuguese government has made a pivotal announcement regarding the cessation of the Non-Habitual Residents (NHR) regime, effective from 1 January 2024. This decision marks a significant shift in Portugal's approach to attracting global talent and investment, directly affecting individuals planning to relocate to Portugal who will no longer be eligible for the special tax regime under the NHR unless they meet specific conditions and have a valid residence visa by 31 Dece

The UK Inheritance Tax is the tax levied on the estate of a deceased person. The UK IHT is applicable on estates that exceed the tax-free threshold of £325,000. The current IHT rate is 40 percent but thankfully some exemptions and allowances can help a UK expat mitigate their IHT liability. Interested to know more? Read ahead! Top 2 Strategies to Reduce the Potential Inheritance Tax Liabilities for UK Expats Exemptions If all the wealth over the Inheritance Tax threshold is