Early tax planning vital for those fleeing Hong Kong for UK life

Navigating the UK tax system for Hong Kong investors, immigrants and BN(O) passport holders can be very complex, as rules change and poor planning create extra tax bills, says Alfred Liu, senior associate at law firm Forsters

In early June, the UK government was quick to announce its proposals to grant enhanced UK immigration rights to British National (Overseas) passport holders in Hong Kong in response to the new security law being passed in the city. Ever since, there have been numerous reports of rising UK real estate enquiries originating from Hong Kong, either for investment or relocation purposes.

This growing trend shows no signs of abating, and since the new security law has passed the UK government has confirmed its commitment to offer BN(O) passport holders and their dependants a new route to UK immigration.

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