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Expat Financial Advice a Must When Returning to UK

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.

Other News

Financial changes in France for 2018

French flag against a blue skyJanuary 2018 will see the French government introduce several legislative, tax and other financial changes, some of which will be of interest to British expats living in France.

First and foremost is the change to the wealth tax – also known as the Impôt de Solidarité sur la Fortune (ISF – or the “solidarity tax on wealth”). We touched on the topic last year when discussing the number of French job opportunities rapidly increasing.

The country’s president, Emmanuel Macron, who was elected in May 2017, has introduced the change as part of a push to attract more wealthy investors to France. The change is just one of many in what he called a “profound transformation of France” in his new year’s address.

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Expat financial services providers should consider MARD

TaxProviders of financial services abroad frequently find themselves undertaking work involving tax and the various cross-border issues involved with taxation.

As such, any provider of expat financial services should know that H.M. Revenue and Customs (HMRC) now has improved scope for the recovery of tax from UK expatriates.

This is due in no small part to the “Mutual Assistance in the Recovery of Debt” (MARD) agreements the UK has in place with various countries. These agreements operate across the EU and have been in place since 2012, allowing HMRC to recover taxes that are owed. Other countries signatory to MARD agreements include Norway, New Zealand and South Africa.

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