Tax Planning
Managing wealth across borders can lead to complex tax considerations. At Blacktower, we help expatriates structure their finances with tax efficiency in mind. By working closely with trusted tax professionals, we ensure your financial plan supports your lifestyle and is aligned with the relevant tax rules in every jurisdiction that matters to you. We act as a central point of coordination, ensuring that your wealth planning, investment strategy, and tax positioning work together seamlessly.
Our Tax Planning Services Include:
Insight into Global Tax Exposure
We help you identify where your financial arrangements may trigger tax obligations and ensure these are addressed in collaboration with qualified professionals.
Efficient Structuring
With our understanding of international financial planning, we design wealth structures that support tax efficiency across multiple jurisdictions, including income, capital gains, and inheritance considerations.
Residency & Domicile
Our advisers help you understand how changes in your residency or domicile status may impact your wealth and coordinate with tax advisers to adjust your strategy accordingly.
Trusted Introductions to Tax Specialists
We connect you with independent tax professionals in key jurisdictions (e.g. UK, US, EU, Australia) who can deliver detailed advice, while we ensure your broader financial plan stays aligned.
Flexible Planning
Whether you intend to repatriate or relocate again, we build flexibility into your financial structure so it can adapt to evolving tax landscapes and residency changes.
Our advisers are here to guide you every step of the way, offering clear, objective advice that prioritises your best interests and long-term wealth creation.
Capital Gains Tax
Many countries will impose capital gains on profit from real estate, whereas others don’t impose any form of it. Wherever you move to, it’s important that you understand how it affects you – and our tax planning services will explain it to you every step of the way.
While double tax treaties between the UK and other countries generally mean you should not be taxed twice on the same gain; if you have any questions or issues relating to capital gains tax and the best way to manage your obligations, contact Blacktower today.
Income Tax
In some countries, income tax rates can exceed 50% and are imposed on a progressive scale, with higher rates applying to higher earnings. The tax typically applies to worldwide income, including that which is derived from pensions, earnings, investments and rental property.
However, it may be possible to reduce liability through a combination of prudent planning.
Double tax treaties should ensure that you do not have to pay the maximum level of tax twice on the same income – in such cases, tax credits usually apply.
Income tax obligations are complex and are constantly changing, if you would like to know how the rules in your country of residence affect you and your worldwide assets, then get in touch with us.
Inheritance Tax
Cross-jurisdictional inheritance tax planning can be complex and arduous, particularly if you have assets and beneficiaries in more than one country.
Planning in this area is essential if you are to ensure that your assets are distributed in accordance with your wishes, and without an avoidably punishing tax bill. This includes taxes on gifts made during your lifetime and taxes payable on death.
FAQs
Do I still need to consider UK tax if I live in the UAE?
Yes, potentially. Even if you live in the UAE, your UK tax obligations may continue depending on your tax residency and domicile status.
What’s the difference between tax residency and domicile?
Tax residency relates to where you’re currently taxed on income, while domicile refers to your long-term home and often affects inheritance tax. We help you plan around these concepts in tandem with specialist tax advice.
Is the UAE really tax-free?
The UAE doesn’t levy personal income tax, but global reporting obligations or other taxes may apply depending on your circumstances. We ensure your financial plan is aligned and introduce tax experts as needed.
Do I need to report foreign income or assets?
In many cases, yes, especially in jurisdictions like the UK and US. We’ll help you identify potential exposure and introduce the right experts to handle any reporting.
What if I relocate again in the future?
We design your financial plan with flexibility, so it can adjust to future moves. As your residency changes, we help coordinate updates regarding tax implications to keep your structure compliant and efficient.
Get in Touch
For a personalised consultation and to discover how we can assist you in achieving your financial goals, please do not hesitate to contact us. We are prepared to help you navigate your financial future with confidence.
Disclaimer: Blacktower Financial Management (DIFC) Limited is regulated by the Dubai Financial Services Authority (DFSA). We do not provide tax advice. The information on this page is intended for general guidance only and should not be relied upon as a substitute for professional tax advice. Clients should consult with qualified tax advisers regarding their individual circumstances. Where appropriate, we work in coordination with such professionals to support your overall financial plan.