Nigel Green, founder and chief executive of deVere Group, which has 80,000 mainly expatriate clients, warned a growing number of British expats are likely to ‘sever financial ties with the UK’ should the plans go ahead.
As many as 400,000 expats could be affected
Couples could see their tax bills rise by up to £4,000
· Property owners living abroad could be hit
· Changes to tax rules could force some to rethink their retirement plans abroad