Robert Harris has over 25 years experience working for some of the major financial institutions in the City of London, including 12 years at Citibank where he was a Senior Banker. During his time at Citibank, Robert was responsible for global relationships with important financial institutions and instigated a number of landmark deals.
Robert is a founding partner of Forth Capital and has helped the company become the leading expat financial advisory company in Switzerland. He has been quoted in the Financial Times and numerous magazine articles.
For the www.knowitall.ch website, Robert invites various members of his team at Forth Capital to contribute blog articles on different financial topics that he thinks will be of interest to our readers.
By Robert Harris, Forth Capital
If you are a UK expatriate there is every likelihood that you will be subject to UK tax at some point in the future.
You may have assets such as liquid investments in the UK, in which case you may be subject to tax on income generated and tax on capital gains. Most people are aware of this already, but what about other taxes?
In Britain, you are brought up to be believe that your home is your castle and all Brits want to buy property – it is part of our DNA. Over the years, for most people their property has become their main pension plan. The equity in their property will fund the cost of retirement as well as care homes in later life. Whilst second properties have been subject to capital gains tax, it has now been confirmed that capital gains tax will now apply to primary residences.
