How the Autumn Budget Affects Expat Investors of UK Property

Expat Property Story

#180
What are the repercussions of the Autumn 2024 budget for expats, property investors and those that are both!
How will it affect your tax residency, your retirement and your estate planning.
And what impact will the budget have on your investment strategy, your pension or your domicile status?
Jake Barber of SJB Global is an expat tax specialist who helps expats with their Retirement, Investment & Tax Planning.
Jake takes us through the budget and its impact on Expat Property Investors.
During the episode, we discuss:

• Impact of autumn 2024 budget on expat residency, retirement, and estate planning.
• Impact on individuals due to frozen tax brackets and increased taxes.
• Current UK tax brackets and their implications.
• Spending strategies in retirement changing due to estate tax structures.
• Renters and those without assets facing disadvantages.
• Increased property taxes potentially leading to higher rents.
• Stamp Duty Land Tax changes and examples given.
• UK domicile status now based on residency rather than origin.
• Changing country/state impacts domicile status.
• Effects on inheritance tax liabilities.
• Non-domiciled residents' tax obligations and exemptions.
• QROPS
• Inheritance tax changes reducing drastic decisions.
• Double taxation risk on pensions without specific schemes.
• Business and agricultural property relief changes impact.
• Capital gains tax rate changes and their effects on income groups.
• Tax residency and investment strategy affected.
• Advice on keeping assets in tax-neutral jurisdictions for expats unsure of permanent residence.
• Encouragement of moving assets outside the UK for tax exemptions after 10 years abroad.
• UK inheritance tax nil-rate band of £325,000.
• Taxation on assets above the nil-rate band.

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Details of where to meet other Expat Property Investors (For FREE!!!):

Hong Kong: Pacific Coffee, 2/F, Central Building, Central (first Saturday of each month from 11:30 am)

Dubai: Holiday Inn, Science Park (first Wednesday of each month from 7pm)

Singapore: The Providore at VivoCity (first Saturday of each month from 10:30 am)

Keywords:

UK Property, UK Tax Brackets, Inheritance Tax, Capital Gains, Stamp Duty, Expat Property Investment, Domicile Status, Retirement Planning, Global Assets Tax Strategies, QROPS