leaving the UK?
simplify your tax position
Recent research has indicated that in excess of 15% of the high-net worth earners in the UK will be leaving the UK over the next few years driven by the high levels of tax. In our experience there are FOUR main areas that need to be given full consideration and we at Totus have built a team to make the process as simple as it can be.
From deciding where you want to move to , immigration, accommodation, education and the shipping of your personal goods. There will also be difficulties that another language presents.
Residence and Domicile
Deciding where you will or want to be resident and how that impacts on where you consider moving to. Will you also be looking to change your domicile?
Consideration should be given to the correct way of leaving the UK and also how any assets you wish to leave in the UK should be held or even disposed of – your exit plan is as important as arriving in your new residency. Professional Advise needs to be sought on the best way in which to structure your assets and the most tax efficient way in which to receive income. Your plan needs to be all encompassing.
Consideration given to where your new banking relationship needs to be, will you need or is it appropriate to purchase your new home with a mortgage, or do you wish to build your new home. Do you need a private Banking Relationship?
For more information please contact:
Vince DeStefano, Managing Director, Totus Consulting
t: +350 200 64966
Totus Consulting is authorised and regulated by the Financial Services Commission (Gibraltar) license no. FSC11177.