Case Studies

Case Study

Ryan is 30 years of age and is single with no dependents or siblings

He left the UK 2 years ago to work at an accountancy firm in Budapest earning €70,000 per annum
Before moving he lived with his mother in the family house and is currently renting a property in Budapest.
Ryan is saving money by contributing €1000.00 a month to a regular savings plan from an Offshore Life Assurance company.

Ryan isn’t paying tax in the UK but is paying local tax in Hungary. Before leaving the UK he received tax advice but hasn’t had any since moving abroad. At this stage of his life Ryan hasn’t discussed succession and estate planning with a professional.
He has no plans to move back to the UK but wouldn’t rule it out should his mother become poorly.

This is a borderline case and depends on whether he intends to move back or spend more than 45 days in the UK. We would suggest that Ryan completes stage 2 of the Tax Health Check to be sure of his position once these facts are known.


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