🌍 Considering a Move to France? How will the New UK Budget affect this? 🇫🇷Moving abroad is an exciting venture, and for Britons thinking about life in France, the recent UK Budget introduces a few key changes that are worth planning for. Here’s a quick summary to help you stay prepared:
1️⃣ Global Tax Implications: When returning to the UK, worldwide income and gains will be taxable from 2025.
2️⃣ Inheritance Tax (IHT): There are new rules impacting UK-based assets, which could affect family planning.
3️⃣ Capital Gains on UK Property: Expect higher capital gains tax on UK property sales, bringing rates closer to income tax.
4️⃣ Air Travel Costs: Slight increases in air passenger duty may affect frequent flyers.
5️⃣ Education Costs: UK private school fees now include a 20% VAT.
6️⃣ Cross-Border Tax Planning: A specialist can help with tax residency, pensions, and inheritance planning for compliance and optimisation.
With some smart planning and the right guidance, these changes can be managed smoothly, keeping the focus on your new life in France. 🌞 Click below to register your interest.
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