Steph Wickham

And I think particularly when you're considering Ireland as one of the higher taxing jurisdictions in the OECD, you can generally say to somebody, well, you're moving from a high tax jurisdiction to a low one.

So taking good advice will pay for itself multiple times over very quickly.

And I suppose as well, also from the perspective of scrutiny, you know, you need to be cognizant of the fact that there is cross-border reporting between a lot of jurisdictions about things that are happening.

We know now with the Common Reporting Standard and FATCA that

reporting does happen so often clients will say things like well how do revenue know and it's not necessarily going to be because you've told them it could be because an institution that you're banking with has so these are all this is not scaremongering these are facts but I think it just goes to show how

Sometimes clients can kind of try to get themselves so far and that's brilliant.

But really, you know, working with a professional who can take you that whole way and also understands the importance of providing aligned advice.

You know, often if we're advising somebody who's going outside of Ireland, you know, they've decided they'd like to live elsewhere.

There is definitely a need to bring in a foreign tax advisor.

And and this is another thing that we often find is that, you know, I can completely understand the clients would say, well, I just want to find an advisor who does it all.

And and when you look under the hood of how complex this can be, you start to realize that that that's usually a unicorn.

There is very few advisors who will advise you comprehensively from beginning to end on one of these transactions simply because of one of the number of moving parts that are in play.

We would have about 25 to 30 advisors in different jurisdictions that we would partner with.

Some we would work with very frequently.

So we would have, we actually have a team in the UK that are part of the Expat Taxes brand.

network and they will offer UK advice, do UK tax returns.

We have partners in the US, Canada, Australia, the Middle East, South Africa, you name it, Germany, France, Belgium, the common countries that we see our clients coming to and from.

So firstly, you know, treaties are designed to avoid double taxation.

And that itself can sometimes be a bit of a confusing phrase.

That is not the same as that means you only pay tax in one country.