Some statistics rank London as the fourth largest ‘French’ city by population, and the number of French individuals moving to the UK is growing.
This is not surprising - the UK offers a highly favourable tax regime for ‘non-domiciled’ individuals moving to the UK, while entrepreneurs, professionals and high net worth individuals in France are subject to tax rises.
However, crossing the Channel is not always plain sailing.
Without careful planning, individuals moving to the UK may continue to have French liabilities and may not be able to take full advantage of the UK’s favourable regime.
In this briefing note we set out ten key tips and traps which should be considered as part of any plan to move to the UK.
Charles Russell Speechlys’ Private Client tax specialists in London and Paris are ideally placed to advise individuals considering such a move.