| Investing in property overseas can be a rewarding but challenging exercise. So why risk possibly all the fruits of your endeavours for the want of taking some good sound advice initially. Whether just buying your first place in the sun, or embarking on an investment strategy, you need to have considered taxation issues. There are certain misconceptions as to what your exposure to taxation in both the UK and the jurisdiction where you chose to invest should be. Did you know that you will normally have to report in the UK rental profits or capital gains regardless of whether you spend the profits in the UK or not? This will become a big issue for some as the EU gets larger when the disclosure of overseas landlords and transactions to the UK authorities will become more common place. Would you sleep at night wondering when that knock on the door might happen? Accepting the correct tax treatment in just step one. There are many straightforward cost-effective planning measures that can mitigate or even eliminate tax bills. All that is generally needed is some forethought and to speak to someone who knows what you need. Nunn Hayward, a firm of Chartered Accountants, based in Gerrards Cross, South Buckinghamshire, have a specialist tax department that has been providing advice and peace of mind to their own clients, and more recently Focus clients, on just such issues. They ensure you are set up right from day one to meet your objectives, thus enabling you to have peace of mind in the knowledge you are fully compliant both here and overseas, as well as reducing your taxation exposure as far as your circumstances will permit. Contact us to get more information Focus International Property has joined forces with the Property Lawyers Abroad Network (PLAN) to provide a legal platform for our clients who require UK legal advice, overseas legal advice or indeed both. PLAN is a unique network of local, independent, English speaking property lawyers that will ensure the legal process runs smoothly and that your rights are protected. They have been carefully vetted for their capabilities to process your legal requirements in the most cost effective way. Service is of the utmost importance and on-line case tracking a feature of the facility. PLAN can offer a face to face meeting with a qualified, English speaking lawyer at a UK office or if required you can deal directly with the nominated lawyer in the country that you are purchasing in. In addition our Property Consultant will be on-hand to help you with the process. Focus have teamed up with a team of currency specialists. People buying abroad often overlook the hidden cost of currency exchange and even a small difference in exchange rate can add up to a lot of extra cost. If you intend to buy off plan then you may want to secure your rate today securing the process through to final property completion. Why pay retail rates with the big banks when you can get a better wholesale rate often saving thousands of pounds. Why @mortgageCity? @mortgageCity was founded in 1996 and has grown steadily to become one of the UKs leading providers of mortgage finance, arranging competitive rates and providing a quality service to our clients. Our success is built upon · An extensive knowledge of the domestic and overseas lending markets and · Our ability to deliver the highest standards of service to exceed customer expectation Objectives Our objective at @mortgageCity is to make the process of financing your property as seamless and stress free as possible. We will liaise with your Property Consultant at Focus International Property, your legal advisers, tax advisers and currency consultants so you are kept fully advised throughout the process. All aspects of funding Care needs to be taken in the financing of any property and buying overseas does require a special level of expertise. We are able to provide financial advice regarding the funding of your property either by using overseas lenders or via the regulated environment within the UK. The most important person, when considering what is most important, is you, and what is right for you. This is why our service is personalised to each client’s individual needs and preferences. |