Tax Implications of Moving to Monaco
Moving abroad is something that many Britons yearn to do, and Monaco is a popular destination for many of them, due to its very favourable tax regime.
Yet how much do you know about the tax implications of moving to Monaco?
There are many considerations people face when moving from the UK to Monaco. Depending on your circumstances, there are likely to be things that you can do to minimise the problems and reduce your tax liabilities. You should always take advice when looking to purchase property in and/or move to any country, as tax rules and methods of calculation vary from country to country.
An adviser with a good understanding of both jurisdictions can help you understand the tax implications of your move and work out how to make your money work for you, protecting it against unnecessary taxation, and how to make the most of the opportunities available.