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Considerations For Those Buying Property Abroad

Whatever your reasons for considering buying property abroad before you go ahead and buy you should understand some of the far reaching legal, financial and taxation implications of buying abroad. This article examines ten top points worthy of your consideration.

Tax on overseas property lettings

If you live and pay tax in the UK you must declare rental income from overseas property lettings on the foreign pages of your tax return. If you pay foreign tax on the income, you can usually get credit for this against the UK tax you have to pay on it. This article from DirectGov explains just how to do this.

Why is foreign exchange important?

Many people are unaware of the financial impact exchange rates play on the cost of buying an overseas property. Fluctuating by the second, currency movements are also often difficult to track.

7 Steps to a New Life Overseas

Research shows that at any one time more than half of us are dreaming of a new life overseas, but few actually succeed in making the transition from fantasy to reality.

Taking a vehicle out of the UK both temporarily or permanently

Do you know if you have to inform anyone when you take your car abroad either temporarily or permanently? In this article the Driver and Vehicle Licensing Agency (DVLA) explains exactly what you need to do.

Customs and Travelling to the UK from France

Once you have bought your home in France, you will be travelling more frequently. Some people are confused about just what goods are duty free and what the limits for these goods are. This article, written by HM Revenue & Customs should clear this up.