Anyone who owns a property in the UK that generates rental income must pay income tax on their profits.
Expat retirement savers who have moved overseas but left a pension in the UK should consider their options as Brexit approaches.
Tax is an important aspect of financial planning for expats that needs sorting out before stepping outside the UK for that move overseas.
News of developments in the deficit-laden £15 billion British Steel pension scheme has left 130,000 members with a decision to be made: stay in their existing scheme, soon to be placed into the Pension Protection Fund which offers compensation to members of Defined Benefit pension schemes with insufficient assets to cover liabilities, or to change to a second proposed scheme that offers less benefits and a reduction in funds. Unfortunately for British DB pension members elsewhere, this is a trend that is unlikely to stop with British Steel.