As winter draws on, there will be few people out there who would not dream of a holiday home in warmer climes. For those with the resources, it has become a popular investment in the last two decades but the changing global tax environment means that there are a number of risks.

Although the number of people buying overseas has fallen since the 2008 crash, there are still plenty looking to buy overseas – and not just holiday homes. However, when it comes to buying property overseas, there are not only commercial risks – most acutely felt by those with holiday homes in Greece and Spain, for example – there are also tax risks.

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