EXPERT ADVICE

I’m making Aliyah in the next few months, and will continue to work for my current employer remotely from Israel. What are the tax implications of my move?

Firstly, best wishes with your Aliyah plans; I hope things go smoothly. Under Israeli law, once someone is living in Israel, they are liable for Israeli taxation on their worldwide income.

For new residents (“olim chadashim”) or veteran returning residents (those who lived outside Israel for at least 10 years before returning), there is an exemption from reporting income and paying Israeli taxes on income earned outside Israel.

What needs to be determined is how “earned outside Israel” is defined.

Under Israeli law, earned income (which includes salaries & self-employment income) is considered earned in the country in which the work is being carried out. This is irrespective of where the payer is based.

As such, working remotely from Israel will require you to report your income to the Israeli tax authority and pay Israeli taxes accordingly.

There are two other points to bear in mind here:

(1) If you are eligible to the 10-year exemption, you are exempt from tax in Israel on the work that can be attributed to the period of time that you work physically abroad. For this to apply, the Israeli tax authority require a minimum of 40 works days abroad in order to claim the partial exemption.

(2) If you become non-resident from a UK perspective, you should be exempt from UK taxation on work done whilst not physically in the UK. The bottom line therefore is that you’re moving your tax base in such a situation from the UK to Israel.

Needless to say, there are many nuances to each case, and bespoke advice should be taken.

We can be contacted at: 07707 220 445 info@aboulafia.co.il aboulafia.co.il/en/about-us/

SHIPPING

STEPHEN MORRIS SHIPPING

With almost 40 years experience, our company has the ability to move household and personal effects and antiques and fine art with the professionalism and care that comes from that experience coupled with an attention to detail.

We construct our own Tri-Wall and wooden packing cases on site and employ full-time art installers and handymen for those ‘extra’ jobs that always need doing on a move or installation. And size is no limitation – we have moved trains, boats and planes across the world and even bridges and a 5,000 seater tent!

Contact: 020 8832 2222 info@shipsms.co.uk www.shipsms.co.uk

Charity

JEWISH CARE

Jewish Care is the largest health and social care organisation serving the Jewish community in London and the South East. Our vital services touch the lives of 10,000 people every week. We provide services and offer a wide range of support groups to older people, people with mental health needs, Holocaust survivors, people living with dementia, people with a variety of needs and carers support.

FINANCIAL SERVICES (FCA) COMPLIANCE

JACOB BERNSTEIN

A member of the APCC, specialising in financial services compliance for: Mortgage, Protection and General Insurance Intermediaries; Lenders, Credit Brokers, Debt Counsellors and Debt Managers; Alternative Investment Fund Managers;

• E-Money, Payment Services, PISP, AISP and Grant-making Charities.

Wealth Managment

MARC OVITS – BA (HONS) APFS CERT PFS (DM)

Over 25 years of successful experience in financial services including 11 years of investment banking experience.

Offering expert independent financial advice to individuals, businesses, charities and trusts. Individual services:- Wealth Management, Investment, Retirement, Estate/IHT, protection planning, Tax Mitigation and Cash Management Solutions

Business & Charity services:- Investment Planning, Business Succession & Business Exit Planning, Business Protection, Corporate Pensions, Employee Benefits, Cash Management Solutions, Profit extraction strategies

Alpha Wealth Management

Contact: 020 8203 6920 info@alphawm.co.uk www.alphawm.co.uk

Butchers

KOSHER DELI

Kosher Deli was established with the intention of making kosher meat and poultry affordable for all with the convenience of multiple locations and a comprehensive delivery service. All this without compromising on kashrus or quality.

Locations in: Golders Green, Hendon, Temple Fortune, Edgware, Borehamwood & Manchester

Estate Agent

Contact: 020 8381 4450 info@kosherdeliuk.co.uk www.kosherdeli.co.uk

MARTIN FRYDENSON - ROUNDTREE REAL ESTATE

Roundtree Real Estate are your local experienced Estate Agent having been established on the High Street since 2009. We are both ARLA and NAEA Propertymark regulated and we are here to offer you expert advice in Property Sales, Lettings, Commercial and Full Management Services, covering Hendon, Golders Green, Finchley, Colindale and surrounding areas. We have built long standing relationships with all our clients and should you have any property related queries please do contact us.

Contact:

020 8922 2222 helpline@jcare.org www.jewishcare.org

Contact: 020 8203 2111 mail@theroundtree.com www.theroundtree.com

YOUR FINANCIAL SERVICES COMPLIANCE EXPERTS in association with richdale

Telecommunications

MARTIN HEIMAN – SMARTINET

We’ve been providing businesses with all of their communication needs since 2010. We specialise in supplying businesses with VoIP Packages, Mobile Plans, Broadband, Card Merchant Services, Leased Lines, On-Hold Marketing, and Call Centre Services. Smartinet, your reliable and efficient business communications provider.

Uk Aliyah Advisors

UK ALIYAH ADVISORS - GARY BROWN - PRACTICAL ALIYAH ADVICE

Book a FREE meeting with UKAA’s founder Gary Brown, who will go through your particular needs and wants on a the PRACTICAL side of leaving your country of origin and/or living in/moving to Israel. This is both for pre and post- Aliyah Olim. This FREE meeting will allow Gary to advise on who you need to speak with for each requirement and when in the year you should approach them. Confidentiality assured.

Contact: 0333 613 0000 connect@smartinet.co.uk smartinet.co.uk

Building And Party Wall Surveying

MATRIX SURVEYORS LIMITED

Offering a range of building surveying services and specialising in party wall matters, nationwide, for both consumers and businesses, including; -

• Pre-acquisition Surveys

• Party Wall Matters

• Defect Inspections

• Schedules of Condition

• Insurance Reinstatement Costs Assessments

Contact:

Toli Moscovitz BSc (Hons) MRICS

0161 823 6973 info@matrixsurveyors.co.uk www.matrixsurveyors.co.uk

• Planned Preventative Maintenance Schedules

• Construction Project Management

• Licence for Alterations

• Insurance claims

Contact: +972 (0)2 372 3775 / +44 (0)20 3 989 5080 info@ukaliyahadvisors.com ukaliyahadvisors.com/provider/uk-aliyah-advisors/

MANAGED I.T. SERVICES PROVIDER (MSP)

SIMON MOSCOVITZ BSC (HONS) – EUROTEK UK LIMITED

We are a well-established and successful Managed I.T. Services Provider (MSP) with a clear sense of purpose. We plan, design and enable the procurement, implementation, protection and management of a wide range of modern technologies through an earned and trusted partnership with our clients across the UK. We enable our clients to be operationally efficient by successfully embracing their digital transformation journey.

• Why choose Eurotek UK? Deliver > Manage > Automate > Secure > Backup

Contact: 0161 660 2745 hello@eurotekuk.co.uk www.eurotekuk.co.uk