Have you ever travelled somewhere on your vacation and realised you don’t want to leave? We aren’t just talking that same old holiday nostalgia you get on the last day, we are referring to that feeling you get, sitting in the sun, and you know you have found your home.
It’s crazy to think about heading back to your country, packing your whole life in a bag and then shifting yourself, maybe even your family, across the world to this new destination. Or is it?
There are loads of people who realise where they were born just doesn’t ever feel like home. They stay because it is all they have every known but then a few trips to a gorgeous city like Rome and they start to realise they are pining after it, more than a person should. So they find a job, learn the language and that is that. They move to Italy.
It isn’t ever to late, or to early, to decide you want to relocate somewhere abroad, in fact there are loads of great ways you can do it. We think we have come up with the perfect solution, one that gives you, and your family, plenty of time to ensure you are doing the right thing before jumping in at the deep end.
Buying a second home, as a self invested pension plan, could be the best option for you and the future. You would need to get some advice on all the tax implications, so worth chatting to a team like those at MCC4Tax. However this really is a great option for dipping your toe in the water before taking the plunge.
It will give you an income through holiday rentals and will also give you a place to stay. Then you can build up connections and friends around the area. You may decide to take longer trips to your holiday home, bringing the children out for a little longer each vacation. You will have time to get to know the schools and look for work with your boots on the ground, especially if you are moving somewhere that your skills just don’t apply.
Renting out the property means you have an income which could pay any mortgage you may have taken against your current property. You will need a good team to look after the house though so research some expats out there and see who they use to look after the cleaning and quality of their homes. You won’t be there to oversee things so you must be able to trust those you leave in charge.
It may not be the ideal move if you want to do a Shirley Valentine and completely change your life, but it is going to be the most sensible way of transitioning between countries.
So think about it, next time you are sipping a cocktail on the south coast of Italy with the sun on your back, Could this be your future home? Then, go for it!
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