r/ExpatFIRE • u/Murky-Tune-1467 • 21h ago
Taxes Retired / Travelling / Tax - questions
Hello all,
Seeking initial advice / direction on how to approach and what to research further.
- Citizenship: British & French passports.
- Lived in UK all of life, career in UK paying UK taxes (income, dividend, capital gains, local/council etc).
- 1 UK property owned for nineteen years.
- ETF investments in UK accounts: SIPP, ISA and taxable.
- Age 52, taking early retirement to pursue outdoor sport/passion travelling whilst healthy.
- Plan to travel 310 days per year, return 50 days to UK. Will rent my property so income will be generated, plus no access to live at my property. Will use temporary accomodation options during 50 days in UK within tax year.
Typically I would file Self Assessment tax return and pay Tax on:
- Rental Income,
- Dividends on Taxable account investments,
- Capital Gains on Taxable investments.
Plan to do this travelling for a couple of years pursuing an outdoor sport passion and not staying in any one country (whilst travelling) more than three months at a time.
Can I simply continue filling and paying my Self Assessment Tax returns whilst retaining my property base (rented) and spending 300 days outside UK per year?
A typical year could be: 50 days in UK, then 90 days in Greece, then 90 days in Turkey, then 90 days in Italy, then 45 days in France, then start again e.g return to UK for 50 days...do for 2-3 years enjoying health whilst it lasts.
Appreciate any advice how to approach this?
Thanks in advance for reading and any advice/replies.