Top tips for retiring to Malta
By International Adviser, 6 Aug 18
Avoid retirement regret by asking these key questions before making the big move to Malta
Selling her UK main home should not give rise to a tax liability.
But it would be best to delay selling down the buy-to-let portfolio until Tracey has departed the UK, as any UK capital gains tax (CGT) liability will only be charged on the increase in value since 5 April 2015, rather than the whole gain, with relief for the annual exemption.
The Maltese non-domicile rules effectively exempt non-Maltese gains from tax, even if they are remitted to Malta.
Normally, you would recommend selling down the Isas before leaving the UK, but the Maltese non-domicile rules mean there is no immediate requirement to do this.
What are the implications for Tracey’s pension?
Tags: Blevins Franks | Jason Porter | Malta
