Re: Re: British expats must declare overseas assets



Hi all,
I’m very pleased to have stumbled across this forum as this new development has concerned me for a while (ever since I first heard of it).
I’ve got very confused about the whole issue so wondered if anyone would be able tell me how this would affect me and my wife? We bought our home in the UK in 2009 for £134,000. We are looking to move to Spain permanently in the next 2 years, buying a modest property over there (no more than £90,000) and renting out our UK house (we have no mortgage on it now) and using that as income, plus topping the income up with my wife’s pension of £400 a month (when it starts, I am younger than her so my pension can”t be factored in for a few more years yet).
I’m confused about what the implications are for us, and at the moment it has put our move to Spain on hold.
I’m hoping someone can give me an idea of how we’d be affected as I’m quite lost with it all!
Many thanks in advance for any help