Search results for category 'Tax'

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.

Since the Chancellor’s delayed autumn budget due to the pandemic, individuals and businesses have waited in anticipation for this year's budget announcement. Now with the spring budget finally announced, we analyse the key takeaways in our latest article.

Tax deductions for seafarers

Yachting has long had a culture of keeping money earned offshore, away from the prying eyes of the tax man, due to crew member's common misconception of believing they have no tax obligations in any country. In our article, we explain how this is in actual fact wrong, and why new legislation means you must act now to prevent falling foul of the authorities.

With the final Brexit date looming, many UK boat owners could be at risk of incurring additional VAT liability on vessels currently located outside UK waters. Does this potential new VAT liability affect you? Read our article to find out more.

Spain seems like an obviously idyllic location to buy an attractively priced property, but that may not be the whole story. There's always taxes to pay, with each region determining applicable rates individually. Read more to learn the true cost of buying a Spanish property.

Due to increased investigatory powers, HMRC reported 430 personal and business investigations into offshore holdings during the 2019/20 tax year, as rise of 26%. In our article, we take a look at what these increased investigatory powers and what you should do to avoid becoming their next victim.

If you've received a letter from the HMRC asking for further declarations on overseas income and assets, you must act fast. Read our article for an in-depth look at the steps to take to avoid possible penalties and harsh repercussions.

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.