Retire to the sun
28th August 2008
Mark Robinson has published a post on the Investors Chronicle site about UK persons retiring to another country, giving helpful tips about healthcare, disability benefits, pensions, inheritance issues and tax.
On tax, he writes:
“Don’t automatically assume that once you leave the UK your obligation to the Inland Revenue retires with you. The taxman will take a different view if you make a habit of spending too much time back in Britain, even for seemingly innocent family visits. If, for instance, you spend an average of 91 days a year in the UK over a period of four years, you will be asked to explain yourself. Likewise, if you spend more than 182 days in any one calendar year, the authorities will want to know why. If you own a property in the UK that you use when you return for a visit, you will usually be classified as a UK resident regardless of the length of stay.”
He provides a table of the places where British pensioners would most like to live. Number 1 is New Zealand, followed by Australia, Canada, France and Spain.
Link: The post can be found here.
