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.
The rules relating to pension transfers and inheritance tax could be set to change after HM Revenue & Customs (HMRC) announced that it is to review its guidance on the matter following a number of concerns raised by the Office of Tax Simplification (OTS) in a review published on July 5 2019.
Nothing says High Net Worth Individual quite as succinctly – or indeed as spectacularly – as owning a superyacht. However, for those who are not quite yet up to owning their own version of the world-record breaking £2.8 billion History Supreme, there are plenty of more modest yet still luxurious options.