Personal Tax

OUR PERSONAL TAX SERVICES

TAXATION OF FOREIGN INCOME

WE ARE SEEING INCREASING ACTIVITY FROM HMRC WHO ARE CONTACING INDIVDIUALS WHO HAVE FOREIGN ASSETS OR INCOME.  THIS CAN INCLUDE BUT IS NOT LIMITED TO FOR EXAMPLE BANK ACCOUNTS, OVERSEAS PROPERTY ETC.  IF YOU RECEIVE A LETTER FROM HMRC ASKING FOR ADDITIONAL INFORMATION, PLEASE GET IN TOUCH WITH US AS SOON AS POSSIBLE.  OUR ARTICLE ("TAXTION OF FOREIGN INCOME - INCREASED HMRC ACTIVITY") PROVIDES FURTHER INFORMATION ON THIS AND ALSO INCLUDES A SAMPLE LETTER FROM HMRC.


UK SELF ASSESSMENT TAX RETURNS

E-TAX CONSULTING CAN ASSIST YOU WITH THE PREPARATION OF AND/OR REVIEW OF YOUR UK SELF ASSESSMENT TAX RETURN PRIOR TO FINALISATION AND SUBMISSION TO HMRC.


UK TAX RESIDENCE ASSESSMENT

WITH THE INTRODUCTION OF THE UK STATUTORY RESIDENCE TEST FROM 6 APRIL 2013, IT IS IMPORTANT TO ENSURE THAT A DETAILED REVIEW IS UNDERTAKEN OF THESE RULES PRIOR TO COMING TO OR LEAVING THE UK.  E-TAX CONSULTING CAN ASSIST WITH UNDERTAKING THIS REVIEW TO HELP YOU TO MINIMISE YOUR UK TAX BURDEN.


UK TAX DOMICILE REVIEW

INDIVIDUALS WITH FOREIGN SOURCES OF INCOME COULD BE SUBJECT TO SIGNIFICANT UK TAXES ON THIS INCOME DEPENDING ON THEIR DOMICILE STATUS.  E-TAX COSULTING CAN ASSIST WITH UNDERTAKING AN ASSESSMENT OF YOUR DOMICILE STATUS AND ADVISE ON THE MOST COST EFFECTIVE APPROACH WHICH MINIMISES YOUR UK TAX LIABILITIES.

 

DOUBLE TAX TREATY ANALYSIS

THE UK HAS ENTERED INTO DOUBLE TAXATION AGREEMENTS WITH OVER ONE HUNDRED COUNTRIES.  E-TAX CONSULTING CAN ASSIST BY UNDERTAKING A DETAILED REVIEW OF THE RELEVANT DOUBLE TAX TREATY TO MINIMISE ANY POTENTIAL DOUBLE TAXATION ON YOUR INCOME.


RENTAL ACCOUNT PREPARATION

E-TAX CONSULTING CAN ASSIST WITH TRACKING YOUR RENTAL PROPERTY INCOME AND EXPENSES TO ENSURE THAT ACCURATE RECORDS ARE MAINTED FOR YOUR UK SELF ASSESSMENT TAX RETURN FILING.