Taxes and Real Estate Planning
A proper tax advice and planning is important regarding inheritance taxes because in some countries there is the different between residence and domicile. The residence status may change your income-tax significantly as well as your inheritance tax, in some case.
A growing number of countries have introduced specific measures to discourage the emigration of individuals through various forms of taxation. Such emigration taxes may have considerable implications for the tax aspects of a client’s relocation plans.
One of the solutions to taxes issue is tax treaties when moving from a country to another. The tie breaker rule has the right to reduce the tax of an individual who are resident in two countries at the same time by their rules.
International tax and estate planning should follow the business and personal situation when planning for a new residence country in order to avoid an unhappiness situation in a new country. A good planning of new living environment and family business taxes should be combine in this case.
A worldwide health insurance cover is a necessary step for people who are international flexibility. Health insurance is normally not cover world wide and usually not continue for some who decide to moves and live in another country. The solution in this case is finding a replacement local insurer or switch to an international health insurance policy. It is important to choose and take a good health insurance plan at younger age than wait until the first signs of illness.