News of Prince Harry and Meghan Markle's return to the UK shocked royal fans across the globe when it was announced on Wednesday. But could their decision to relocate be motivated by tax?
While the couple are yet to reveal their reasons behind the decision to up sticks from across the Atlantic, which will see them move many miles closer to King Charles, Tax Director of Alexander & Co, Rowan Morrow-McDade caught up with **** O! to unpack how tax may have influenced the Duke and **** ss's decision to relocate.
The couple left the UK in 2020 for a life overseas (@ Justin Goff Photos/Getty Images)
According to Rowan, there is one rule in particular that means it is beneficial for the couple to move, but that there are other things also at play that are worth considering. "There could be ways in which it's beneficial, but there could also be ways in which it's detrimental," Rowan said.
Yes, one piece of legislation in place in the UK would mean that the decision to move back to the UK after six years away would be beneficial. This would be if Harry had sold any **** ets - which include property, shares, bonds, and fine art - for a profit whilst being a non-UK resident; **** ets include property, shares, bonds, and fine art.
#decision #couple #assets
While the couple are yet to reveal their reasons behind the decision to up sticks from across the Atlantic, which will see them move many miles closer to King Charles, Tax Director of Alexander & Co, Rowan Morrow-McDade caught up with **** O! to unpack how tax may have influenced the Duke and **** ss's decision to relocate.
The couple left the UK in 2020 for a life overseas (@ Justin Goff Photos/Getty Images)
According to Rowan, there is one rule in particular that means it is beneficial for the couple to move, but that there are other things also at play that are worth considering. "There could be ways in which it's beneficial, but there could also be ways in which it's detrimental," Rowan said.
Yes, one piece of legislation in place in the UK would mean that the decision to move back to the UK after six years away would be beneficial. This would be if Harry had sold any **** ets - which include property, shares, bonds, and fine art - for a profit whilst being a non-UK resident; **** ets include property, shares, bonds, and fine art.
#decision #couple #assets
3 days ago
