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Understanding latest tax trends in relocation hotspots

04 September 2023 / Claire Lillie , Thom Smith
Issue: 4903 / Categories: Comment & Analysis , DTA , OECD , Portugal , Spain , International
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Heading for the sun?

At a time when technology enables many to work from anywhere and families to stay connected regardless of distance relocating to sunnier shores has become an increasingly feasible option. Changes to the international geopolitical landscape visa options and financial opportunities are all motivating people to move overseas permanently. The chance to move to a new and potentially more favourable tax jurisdiction may not always be a deciding factor but it should be a consideration and as advisers it’s often the area we’re consulted about.

While the UK remains an appealing destination other locations are certainly rising in popularity. For advisers remaining up to date with international tax policy particularly across the most popular relocation jurisdictions can be advantageous.

This can be challenging as tax policy rarely remains static for long and global financial challenges have led to a particularly...

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