Brexit: Is it time to rethink your assets in the UK?

Brexit: Is it time to rethink your assets in the UK?
Brexit: Is it time to rethink your assets in the UK?

In this month's column: capital gains tax, rental income, stamp duty and much more explained.

The first half of 2020 was unexpectedly challenging and unusual but hopefully the second half will be closer to normal, even if it is a “new normal”. It is time to pick up on those jobs you may have put aside for a while, such as preparing your financial planning for Brexit. The clock continues to count down on the transition period, which, at the time of writing, remains December 31 this year. Do you still have assets in the UK? If you intend to live in France long-term, is it a good idea to retain these assets now that the UK is no longer an EU member and bound by its rules? Here are some factors to consider:

UK property: Capital gains tax

This is a good example of how favourable tax rules can change from year to year. For a long time, expatriates were generally not liable for UK capital gains tax when selling property there. Then, ...

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