Returning to the UK Having Lived in Hong Kong
Returning to the UK from Hong Kong presents a natural point in time to review your finances. It may be that no changes are needed. However, it is sensible to reflect as part of your move, especially considering the highly evolved UK tax system. Planning is crucial and it is beneficial to begin the process at least 18 months before moving.
The most important step is to make sure that you properly re-enter the UK tax system and by planning ahead, you can take advantage of your expatriate status before you return. For example, you might be able to minimise your income and Capital Gains Tax liability prior to your official return to the UK.
Moving back to the UK also offers the opportunity to evaluate your investments – notably your offshore and onshore capital, your pension arrangements and entitlement and consider any changes to your investment portfolio.
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