Tax Treatment of the Main Common Assets Left in the UK
Often the tax treatment of assets remaining in the UK are not considered. Once a UK tax resident has left the UK, it is generally too late to consider any tax planning and this may result in significant tax liabilities arising.
The main assets are:
- Property in the UK
- Investments (such as shares, cash in bank or building societies, ISAs, PEPs, Bonds, Endownments, and Life assurance).
- Personal Pensions
- State Pensions