Navigating International Tax Challenges: Liam’s journey to Financial Clarity
– CG Enterprises
The History
Liam is the director of CG Enterprises, a real estate company based in the UK. Despite his British-Spanish background, Liam has always been deeply rooted in the UK, both personally and professionally. However, recent changes have led Liam to embark on a new chapter in the Netherlands, where he now works full-time while still managing his UK business remotely.
The Challenge
With his dual citizenship and complex international setup, Liam had to start dealing with the complexities of tax compliance and accounting. The big challenge here was avoiding that his multiple income sources from England and The Netherlands would be taxed in both countries.
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I found myself caught between two tax systems, unsure of how to manage my obligations in both the UK and the Netherlands.
- Liam, Director at CG ENTERPRISES
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The Solution
We started working to create a solution that would guarantee tax compliance while optimising his financial position. Leveraging the UK-Netherlands double tax treaty, we came up with a strategy to reduce the risk of double taxation, while still ensuring Liam could have access to Tax credits in the Netherlands, and to a tax-free investment account in the UK.
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With Leo’s support, I was able to find a solution that addressed my tax concerns while keeping the advantages of my dual citizenship. Their in-depth knowledge of international tax treaties and regulations was super important in protecting my financial interests.
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– Liam, Director at CG Enterprises
Thanks to Liam’s unique circumstances and the provisions outlined in the double tax treaty, we ensured perfect coordination between his UK business activities and his employment in the Netherlands. This strategic approach not only mitigated the risk of double taxation but also unlocked opportunities for maximising tax allowances and benefits in both jurisdictions.
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Working with Leo gave me the clarity and peace of mind I needed to move forward. Their expertise and personal help not only gave me confidence in dealing with this tricky situation but also taught me a lot. As a young entrepreneur, this experience was more than just solving a problem—it was a chance to learn and improve as I move my business forward.
– Liam, Director at CG Enterprises