Spotlight On … Clifford Knezovich – IFA

VACANCY – Senior Compliance Officer

Blacktower Financial Management (International) Limited is one of Europe’s leading providers of Financial Advice and Wealth Management. We continue to increase our footprint across Europe and further afield.

As a result of this we have created an additional role within our Head Office in Gibraltar. We are looking for an individual who is seeking to work in an interactive environment, both within the organisation and when interacting with key stakeholders around the business.

Your des-res might be a gorgeous sea-front apartment overlooking the med, or a rural stone cottage nestled amongst the vineyards of Burgundy, but wherever you live, once you are settled, understanding whether you are domiciled, non-domiciled or resident can be a bit confusing. However, clarity is essential: the amount of tax you pay hinges on knowing the difference and the relevance of each non-dom status versus residency status.

Firstly, don’t just guess your residency or non-dom status, because if you get it wrong, you could pay too much tax or pay it in the wrong place, and failure to pay can lead to large fines and penalties. Sadly, mis-payments are not tolerated; your tax planning may be well-intentioned, but if you don’t pay the correct amount of tax in the appropriate jurisdiction, you could be in hot water, so it is vital to get it right.

Generally, we recommend that you speak to a financial adviser working in your local region who will understand the jurisdictional rules applicable to your location and personal situation, but as a brief guide, read on and we will explain the fundamentals.