Tax Residency Myths, UK Assets & Remote Work Risks: What Expats Get Wrong with Nicola Goldsmith (Part 2)

About this episode

In this episode, Stephanie Wickham and Nicola Goldsmith discuss common misconceptions about tax residency and the complexities of managing UK assets while living abroad.

There are some great opportunities to take, and mistakes to avoid, when making the move from or to the UK. And the best way to make the most of the move is to chat to an expert in cross-jurisdictional tax to make it easy! In this second part of my conversation with Nicola Goldsmith, we get into the areas that tend to trip people up most. And honestly, this comes up a lot in conversations with clients. There’s often a belief that tax residency is something you can manage or “choose,” or that if you’re not physically in a country, you’ve left the tax system behind. As Nicola explains, it’s not quite that simple. We step through what really happens when you leave the UK but keep UK assets, how double tax treaties actually work in practice (and why they don’t eliminate tax altogether), and the risks that come with business structures and remote working across borders. The key thing to note here is that many of these issues aren’t obvious until you’re already in the middle of them. And by then, it can be costly to unwind. This is one of those areas where understanding the detail upfront can make a very real difference. Main Topics Discussed in this Episode The Myth of “Choosing” Your…

People in this episode

Host: Stephanie Wickham

Guest: Nicola Goldsmith

Topics covered

• tax residency
• UK assets
• remote work risks
• cross-jurisdictional tax
• double tax treaties
• expat challenges

Keywords

• tax residency
• expats
• UK assets
• remote work
• double tax treaties
• cross-border taxation
• tax authorities
• financial planning

Mentioned in this episode

Places: UK

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