Expatriate Tax Planning Amanda Sullivan, 2019 A practical title intended to help in the planning of international operations. Chapter 7 introduces the reader to the reasons for double taxation of income, the context of double taxation treaties and the practical application of tax treaties. Planning points are highlighted throughout the chapter. Request this book via email The library team can also help with materials on related topics, including books on tax planning for expats, offshore taxes, home and home. Our country tax pages contain details on the online sources of double taxation treaties known to the library team. If the tax treaty you are interested in is not included or you are not sure that there is an agreement between two countries, a tax database such as the IBFD Tax Research Platform can help fill this gap. In the case of wealthy individuals living abroad, a DBA could make the stay in certain countries more advantageous. If the second country has concluded a double taxation agreement with the United Kingdom, the tax would only be levied on income from British activities. The remaining income would be protected against UK taxes. The UK has “double taxation treaties” with many countries to ensure that people do not control the same income twice. Double taxation treaties are also referred to as “double taxation treaties” or “double taxation treaties”. If there is a double taxation treaty, it may indicate which country is entitled to levy taxes on different types of income.
You can find an example on our double residence page. You will probably need to seek professional advice if you are in a situation of double taxation. For example, if you are not resident in the UK and you have UK bank interests, that income would be taxable in the UK under national law as UK income. However, if you reside in France, the double taxation treaty between the UK and France states that interest should only be taxable in France. This means that the UK must give up its right to tax this income.
