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Double Taxation Agreements

DOUBLE TAX AGREEMENTS

Double tax agreements (DTAs) are crucial for expats retiring abroad who receive any income from the UK, whether from pensions, businesses, or rental income. These agreements are designed to prevent individuals from being taxed twice on the same income, asset, or financial transaction. Given that double tax agreements can change, the following information is accurate as of August 2022. For the latest details on these treaties, please visit the UK GOV website here; https://www.gov.uk/government/collections/tax-treaties

Double taxation refers to the imposition of taxes by two or more jurisdictions on the same income, asset, or transaction. DTAs are established to ensure that people living internationally do not face double taxation on the same asset.

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