Unfortunately, HMRC has so far failed to provide any useful clarity on the issue, saying only that, “The Prime Minister has announced that foreign buyers looking to buy homes in the UK will face a higher stamp duty rate. We will consult on the details in due course.”
Returning expats should be prepared and seek reliable international financial advice to guide them through the process of reintegrating to the UK. If a British citizen is planning to return to the UK, expat financial advisers can help them with strategies to reaffirm their ties to the UK in plenty of time so that they can avoid any unnecessary costs, taxes or indeed surcharges.
Blacktower Financial Management
Whether you are looking to move abroad, are preparing to stay abroad or are considering returning to the UK, Blacktower Financial Management can help you plan and structure your wealth and build for your retirement.
Our expat financial advisers in the Netherlands, Germany France and 12 other European offices understand the complex cross-border tax and financial issues that affect you and your money. And, because they are bilingual and locally-based, they can help you achieve the goals that are unique to your situation and location. For further information contact us today.
This communication is for informational purposes only and is not intended to constitute, and should not be construed as, investment advice, investment recommendations or investment research. You should seek advice from a professional adviser before embarking on any financial planning activity. Whilst every effort has been made to ensure the information contained in this communication is correct, we are not responsible for any errors or omissions.
What should you do if you are an expat and are considering a retirement transfer? Mindful of Brexit’s impending reality, do you make an expat retirement transfer as soon as possible or, fearful of restricting yourself and missing out on any possible opportunity, do you hang on to see what the future holds and wait until after March 31 2019.
It is thought that there are more than 200,000 British expats living in France and, although the country is only a short hop across the Channel, living there can sometimes be something of a sustained culture shock – even for the seasoned expat who has had years to acclimatise.