Guest
Thinking of leaving the UK? It might sound like a dream, but before you pack your bags, understand the tax implications! In this video, Tax Barrister Andy Wood dives deep into the complexities of becoming a non-resident for tax purposes. We'll cover: ✅ The temporary non-resident rule - How selling assets or receiving dividends within 5 years of leaving can trigger UK taxes ✅ Capital gains tax - When you're still liable even after leaving ✅ Income tax - The exceptions and pitfalls ✅ Inheritance tax - Why leaving the UK might not affect your IHT exposure ✅ Choosing your new home: How your new country of residence impacts your overall tax burden Watch this video and learn how to navigate the complexities of leaving the UK with confidence ✈️. We're here to help you make informed decisions about your future, not just react to a broken system! ~Chapters~ 00:00 - Introduction: Leaving the UK and Tax Implications 01:13 - Why It Matters: Tax Differences for UK Residents vs. Non-Residents 3:25 - The Pitfalls: Temporary Non-Resident Rule & New Country Tax Laws 5:50 - Is Leaving The UK Worth It? Need professional crypto tax advice? Visit Tax Natives: Want to learn to handle your crypto taxes yourself? Join the Crypto Tax Degens community: #leavingtheuk #ukexpat #emigrate #nonresident #taxplanning #expattaxes #movingabroad #uktaxsystemisbroken #capitalgainstax #incometax #inheritancetax
