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Real estate, tax... : everything you need to know before moving to London

A real estate inaccessible, tax everything except light... Despite its flaws, London continues to attract many expatriates. Administration, housing conditions,

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Real estate, tax... : everything you need to know before moving to London

A real estate inaccessible, tax everything except light... Despite its flaws, London continues to attract many expatriates. Administration, housing conditions, labour, tax etc... : here's everything you need to know before you go you move to London.

To live in London, the sixth city of France according to its mayor, it is sufficient to take the Eurostar. No action is required. You are in the european Union, so you are free to install in the country of your choice. Once on site, your major problem is to accommodate you. The lease as to the purchase, for a parisian equivalent, you can multiply the price by three or four. Tenants do not enjoy any of the guarantees existing in French law, leases are often concluded for a duration of one year. If you buy, you will need to choose between a property freehold, the equivalent of our rights or property, or leasehold, which corresponds to the purchase of a kind of usufruct transferable for a period of 20 to 999 years.

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complex arrangements for large fortunes

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As for the big fortunes, they must meet the status of "resident non domiciled", which is to reside in London, in principle, for a term not exceeding seventeen years, without receiving income from sources in the uk. Your heritage must be organised in such a way that your resources come from abroad, which requires sophisticated structuring. You do not have to pay any tax, but a contribution of 30 000 pounds (41 424 euros) at the end of seven years of presence, which increased to 50 000 pounds (69 030€) after ten years. (With the exchange rate of the 12/06/2015)

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Everything except a tax haven

But if you work in London, you will have to pay the tax, and England has nothing to do with a tax haven. The average incomes are more taxed than in France, but to bear less social contributions. There are three rates : 20 % from 10 to 600 pounds (14 636 euros), 40 % between 31 786 pounds (43 880 euros) and 150,000 pounds (207 096 euros), and 50% beyond. For employees, tax is withheld at the source under the PAYE system (Pay As You Earn).

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