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