Overseas Workday Relief (OWR), Unlock Tax Savings with IMACC & CO
Are you a resident working abroad and receiving foreign income? Then, Overseas Workday Relief (OWR) is your passport to enjoying huge tax benefits. At IMACC & CO, we specialise in assisting non-domiciled persons in dealing with the intricacies of OWR. We assist you in gaining maximum tax benefits while ensuring compliance with UK taxation laws. Avail of our free quote today.
What is Overseas Workday Relief (OWR)?
Overseas Workday Relief (OWR) is a helpful tax relief for UK citizens who are considered non-domiciled (non-doms). It allows you to treat a portion of your UK income from working abroad as foreign income beyond UK taxation. It's particularly helpful for those whose job is split between the UK and overseas.
How IMACC & CO Can Help You Claim OWR
We help you claim OWR at IMACC & CO so that you pay less tax while being tax compliant. Here is how we can help:
- Pre-emptive Planning: OWR is available only for the first three years of residency in the UK. Our experts help you plan ahead to maximise this relief.
- Opening of Offshore Account: We set up the qualifying offshore bank accounts to receive foreign income, an essential requirement for OWR.
- Remittance Planning: We manage the remittance basis of taxation and assist you in realising the maximum advantage of the rules of the Special Mixed Fund.
- Tax Strategies at a Personal Level: Our experts formulate individual tax strategies to assist you in gaining the maximum benefit of available reliefs. We also help you keep them properly documented.
- HMRC Investigations: HMRC will contest OWR cases. With IMACC & CO, you will have seasoned practitioners who can confidently guide you through investigations and audits.
Take the Next Step with IMACC & CO
Don't be bogged down by the complexities of Overseas Workday Relief. Let IMACC & CO guide you through it so that you achieve maximum tax savings and comply with UK tax regulations. Start Today:
- Schedule a Free Consultation: Schedule a 15-minute discovery call to discuss your needs.
- Contact Us Online: Contact us via our website for professional advice.
Get Involved
Hear from experts and peers and get new ideas. See how others tackle similar challenges, and gain fresh perspectives on your own work. Share experiences and learn together.
