Heirs or Testators of English-language wills are often puzzled by the formulaic redundant expression “I give, devise and bequeath,” used when specifying how a testator’s estate should be divided upon his death. Strictly speaking, a “devise” (verb: “to devise”) is a testamentary gift of real property (donazione di beni mobili), the beneficiary of which is known … Continue reading Terminology in a Will: Common terms explained – Hints for Italians
Italiani iscritti all’AIRE esclusi dal reddito di cittadinanza Il parere del Governo
Il decreto legge che ha introdotto il reddito di cittadinanza prevede che possa beneficiarne solo chi è residente in Italia per almeno 10 anni, di cui gli ultimi due in modo continuativo. Ciò significa che gli iscritti all’Anagrafe degli italiani residenti all’estero (Aire), pur in possesso di tutti i requisiti patrimoniali per ricevere il sussidio, devono aspettare … Continue reading Italiani iscritti all’AIRE esclusi dal reddito di cittadinanza Il parere del Governo
BUDGET 2018 digested: main things you may need to Know
ATED Annual tax on enveloped dwellings: The annual tax on enveloped dwellings will rise by 2.4% from 1 April 2019 in line with CPI. Capital Allowances Annual Investment Allowance: Temporary increase in annual limit: £1 milion. Change effective for expenditure between 1 January 2019 and 31 December 2020 New structure and building allowance Flat rate allowance … Continue reading BUDGET 2018 digested: main things you may need to Know
Autumn Budget 2018: tax predictions
Budget 2018 is expected not to be of changes but rather of confirmations. A cautious fiscal policy that will help to take us through Brexit, increasing tax revenues and reducing the UK’s borrowing, but at the same time needing to remain competitive from both a personal and corporate tax perspective. UK is the number 1 … Continue reading Autumn Budget 2018: tax predictions
Business Investment Relief – a mutual symbiosis
If you are resident but are non-UK domiciled, you have the benefit of avoiding paying income or capital gains tax on investments which are kept overseas as long as you do not bring the income or the gains into the UK; and you can also avoid inheritance tax on property held overseas. If you decide … Continue reading Business Investment Relief – a mutual symbiosis