Owners of second homes or buy-to-let properties must brace themselves for a seismic shift in how capital gains tax is paid, on top of the rule changes for non-residents who own UK property.
UK Car Park company Park First has run into trouble. We have strong doubts that investors will recieve any money back.
This is another example of an investment (we avoided and warned against) that has lured many Russian clients into losing all their money. If you have been affected, please seek the correct channels for communicating your dispute.
Spanish property prices have been coming back recently. With all the UK residents living on the Spanish Costas, can this continue? Brexit could thow the area back into the a recession, if UK expats retreat home. Three factors having the most impact include, residency, pension levels, and access to affordable healthcare.
New UK property tax legislation is coming into effect in April 2020. Higher Capital Gains Tax – even for non-residents – are to be expected. Owning REITs through offshore life companies can mitigate these new tax laws.