Tax Pension & Property Income Advise before leaving UK as long term liveaboards

[Greg Hill]

Hi
In a few months time my wife and I's dream of becoming liveaboards is going to become a reality. We live in UK and hope to be at the start of the ARC 2021. My wife retires in Oct 2020, we plan on renting our house out plus we have one other buy to let. We aim to leave to be cruising for as many years as our health and fitness will allow (60 & 56 yrs respectivley) we both have pensions and as mentioned income from rented property. I have spent alot of time trying to research how best to optimise our tax obligation position in relation to National Insurance, Non Residence staus (Expat) and our liabilities should we sell property particularly our home whilst away. Could anyone recommend and accountancy firm or legal firm UK based that would be able to help with the complex issues of consolidating ones assets and income. Help would be most appreciated and a big relief in our planning phase. Many thanks in advance. Greg - Blue Argolis

[Jamme]

Hi, you may want to consider moving the post to a more specific forum, e.g. “dollars and cents” — https://www.cruisersforum.com/forums/f128/
Good luck with your plan!

[Michael Cobbe]

You have be away from the UK for three years to gain non resident status. We aso rented out our proprety and we decided to sell it before we got back to avoid capital gains tax.

[GordMay]

Greetings and welcome aboard the CF, Greg.