Retiring abroad remains a goal for many retirees but they will need to consider the possible tax consequences thoroughly. Geoffrey Shindler outlines some of the issues retirees need to bear in mind
Buying foreign property abroad, often under the influence of the sun, a relaxed atmosphere and a drink or two can be a delight that, alas, can quickly turn into a nightmare. It is important that those looking to retire abroad are not seduced by the sunshine but look at the cold hard economic realities. The issues that need to be highlighted are ownership, succession and taxation. Just because we in England deal with these three items in a particular way does not mean every other country has the same rules. Indeed, it would probably be fair to say no country has the same rules on any of th...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes