UK’s ‘courtship period’ for foreigners announced in the Budget will put off investors

Vanesha Kistoo, Partner and Head of the French Desk said:

As they are a tax break, expat regimes cost money for the Government that provide them.

With this in mind, the UK’s introduction of a ‘courtship period’ for foreigners to experience living in the UK before they commit is fair given the circumstances of the ‘black hole’ in the country’s finances.

Vanesha said:

However, this will inevitably drive long term investors away from the UK as without that tax break, it will be costly for them to ‘try before they buy’.

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If you would like to discuss any of the above, please speak to your usual Blick Rothenberg contact or Vanesha Kistoo using the form below.