Although increasing numbers of UK citizens are emigrating as a lifestyle choice, many eventually decide to return to their home country. However, in order to ensure a smooth transition, they will need to seek fresh advice in line with their current circumstances. Rachael Holland discusses the various tax and legal issues relevant to returning expatriates
As a result of growing emigration, financial advisers are increasingly asked to provide advice for clients who decide to live abroad. In 2006, the UK Office for National Statistics estimated that 207,000 UK citizens had emigrated, including 71,000 citizens emigrating to other EU countries, 49,000 emigrating to Australia and 16,000 emigrating to the US. However, it is not uncommon for clients who emigrate to decide to return to their home country, and thus need new advice as they pursue their repatriation. Some retirees may return to their country of origin after deciding life in the sun...
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