Sunshine on a rainy day

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Retiring abroad remains a goal for many retirees but they will need to consider the possible tax consequences thoroughly. Geoffrey Shindler outlines some of the issues retirees need to bear in mind

Buying foreign property abroad, often under the influence of the sun, a relaxed atmosphere and a drink or two can be a delight that, alas, can quickly turn into a nightmare. It is important that those looking to retire abroad are not seduced by the sunshine but look at the cold hard economic realities. The issues that need to be highlighted are ownership, succession and taxation. Just because we in England deal with these three items in a particular way does not mean every other country has the same rules. Indeed, it would probably be fair to say no country has the same rules on any of th...

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