In this latest article, we investigate the tax implications of trading stocks & shares for yacht crew, including income tax whilst owning shares and income tax when you sell them on.
With many crew spending extended periods at home or in one location due to travel restrictions, the issue of tax residency once again rears its ugly head. In this article, we explore how this affects yacht crew and seafarers currently based in the UK and Spain.
Crew often believe they cannot claim the seafarers earnings deduction because they do not have an employment contract. Whilst true in some cases, this article explores circumstances where you can claim the SED without being a contracted employee, potentially saving thousands in tax.
Business owners and the self-employed on all scales are facing worrying times as a result of the ongoing Coronavirus pandemic. The Government has now acted and put in place support measures for you and your company to help in this tough economic climate.
With the situation evolving frequently, be sure to check back as this article will be being updated with developments as they happen.
The ongoing global Coronavirus pandemic marks the largest public health crisis in recent history. With yacht crew hugely affected, we discuss the implications of the virus on potential tax positions, residency and what you need to know.
To All Our Valued Clients Near & Far. We understand that with everything going on around the world at the moment, there is a lot of uncertainty and unanswered questions. Marine Accounts are still working at full capacity and we are here to best answer any questions you have about your situation and plan for what lies ahead. Wishing everyone to stay safe and healthy.