DOWNLOAD: October 2025 Living abroad – The tax rules

UPDATED on October 2025

PLANNING TO LEAVE

Many people now find themselves in the position that they can work anywhere they want in the world. This has led to a new breed of digital nomad, and several countries offer schemes allowing extended workcations. This lifestyle is particularly attractive for the selfemployed, but employees may also find their employer is open to the idea.

For more permanent relocation with full residence rights, some countries offer golden visas. Such visas were previously considered to be the preserve of high-net-worth individuals, but are increasingly accessible to those on lesser incomes. The golden visa schemes offered by Greece, Portugal and the United Arab Emirates are currently quite popular. Apart from a less punitive tax regime compared to the UK, relocation can mean lower living costs, especially if private school fees are a factor.

Long-term leavers, such as those retiring overseas, may benefit from inheritance tax (IHT) moving to a residence-based system from 6 April 2025. This provides certainty as overseas assets will be outside the scope of UK IHT after a maximum of 10 years of non-UK residence.

Paying adequate attention to financial planning is vital in this major change to your life. The tax consequences of leaving the UK are complex so it is essential that you seek professional advice.

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