- August 12, 2014 at 10:16 pm #182801
Will this result in Brits going back home? Or as the article hints, expats deciding to severe ties by selling off the uk property? Either way it could have an effect on property demand.
- August 16, 2014 at 10:32 pm #182830
Well, I imagine that if it came to pass, it would reduce British expat demand for property in Spain. However, the Spanish taxman is already doing a great job of that. Nothing the HMRC can do will come close to the damage done by Hacienda.
- August 18, 2014 at 4:21 pm #182849
I believe the UK also plans to tax all property sales by non-residents so it’s a bit of a double-whammy for expats renting out property in the UK, and extra incentive to sell now.
- August 18, 2014 at 4:22 pm #182850
I believe the UK plans to start taxing all propertry sales by non-residents next year, so it’s a bit of a double-whammy for expats renting out property in the UK and more incentive to sell UK property now.
- August 18, 2014 at 5:10 pm #182851
There must be thousands of expats working abroad and sending a large portion of their earnings back to the UK to support their families who spend the money for general living costs (paying tax on all purchases). These expats are an invisible export. Personally I left the UK 22 years ago, we got no reduction in community charge for 1 adult living in the house since it was deemed by the local authority that I was out of the country for working reasons (they cited a case concerning merchant seamen). So now will they demand capital gains tax?
We are and have been told to plan for the future, save for retirement etc.
How can anyone do this if the rules change every five minutes?
Saving for a retirement takes a lifetime, so the rules should be frozen when you pay your first NI contribution.
You must be logged in to reply to this topic.