Question of the day:
«Alexis, since Brexit, my French bank is asking me to close my accounts. What should I do with my assurance-vie and my apartments in Paris when I live in London?»
This is the heartfelt cry of many expats in South Kensington or Shoreditch. international moving moving to the City is not simply a change of residence; it is a financial expatriation which propels you into one of the tax jurisdictions the most complex in the world. Between the status of "Non-Dom" (which is undergoing rapid change), the specificities of wealth trusts and French taxation of non-residents, your assets are subject to headwinds.
At the house of Balmont Conseil, we don't just give you a wealth management advice classic. We act as your "conductor" for a wealth structuring United Kingdom surgical. As an Augmented Wealth Engineer, my mission is to reconcile your two worlds through a personalized financial planning AI-powered.
The special tax audit before leaving for the UK: The "stress test" of your new life
Crossing the Channel without a tax audit for a move to the UK is a major strategic error. Your international mobility must be preceded by an analysis of the friction between French civil law and the Common Law British.
Managing French financial assets from London (Brexit)
Since the United Kingdom left the European Union, French banks have tightened their conditions for British residents. Some contracts private asset management are no longer accessible.
- The PEA trap: generally unsuitable and fiscally unfavorable for a UK resident, it can generate double taxation on gains.
- The opportunity of Luxembourg assurance-vie: It's the preferred tool for a financial expatriation. It offers a tax neutrality and total portability, while adapting to international tax regulations the strictest.
Optimizing furnished rental property (LMNP) for UK tax residents
Owning a French property holding company (SCI) or direct ownership of assets in France while residing in London requires a estate planning and structuring dedicated. The Franco-British tax treaties The facts are clear: rental income is primarily taxed in France. However, the'LMNP optimization for a UK tax resident allows, through depreciation, a drastic reduction of the French tax base while effectively managing your legal and tax risks.
Asset Structuring In the United Kingdom: Between efficiency and protection
The United Kingdom offers tools for asset protection They are powerful, but their use in France can be complex without expertise. in wealth engineering.
Wealth trusts vs Wealth holding
If the trust is the pillar of the wealth management in the United Kingdom, France views it with suspicion (specific taxation under Article 750 ter of the French General Tax Code). For a business owner in London, the implementation of a asset holding company coupled with a structured finance is often more effective for organizing the family governance without being subject to the punitive taxes of article 123 bis of the CGI.
Effective investment portfolio and tailored asset management
Your efficient investment portfolio must reflect a asset allocation global. At Balmont Conseil, we integrate:
- Private banking services: Access to open architectures for a customized asset management.
- Sustainable investment: Of the impact strategies to combine performance and reduction of carbon footprint.
- Profitability analysis: Using cutting-edge algorithms for a tax performance evaluation in real time.
Information Gain: The "Remittance Basis" and the Succession Trap
Many expats in London are betting everything on non-domiciled resident status (Non-DomBut with the 2025/2026 reforms, this status becomes precarious. Did you know that if you use your French income (rent, dividends) to pay your mortgage in London or your living expenses via a French bank card, you trigger a "Remittance"? This makes these funds taxable at the UK marginal rate (up to 45%).
We are structuring a cash management offshore so that your French income can be used to finance your low-tax investments global, without ever "touching" British soil in a taxable way, thus preserving your tax reduction global.
Estate planning: Anticipating cross-border transfers
There estate planning The relationship between France and the United Kingdom is a legal engineering challenge.
Inheritance and succession rights
THE inheritance rights British (Inheritance Tax) amount to 40 % beyond a certain threshold (Nil Rate Band), on all world wealth if you are considered "domiciled". Conversely, France taxes according to the relationship and location of the assets.
Thanks to our expertise in inheritance, we are putting in place tailored wealth management solutions (Property division, Lux assurance-vie) to protect your heirs and minimize the intergenerational tax pressure.
Thanks to our expertise in inheritance, we are putting in place tailored wealth management solutions (Property division, Lux assurance-vie) to protect your heirs and minimize the intergenerational tax pressure.
FAQ Masterclass Your Wealth Management in the United Kingdom
Conclusion: Independence at the service of your London ambition
Succeeding in wealth management in the United Kingdom It requires a vision that goes beyond mere financial performance. It's a question of structure, protection, and transmission. At Balmont Conseil, We use innovation to secure your wealth history between Paris and London.
Your assets deserve expertise without borders.
Book your personalized UK Departure Tax Audit appointment
Sources & References:
- Franco-British tax convention of June 19, 2008 (Bilateral treaties).
- HMRC - Guidance on Statutory Residence Test (SRT) and Remittance Basis Reform 2025.
- General Tax Code (Art. 4B, 123 bis, 750 ter - French taxation).
- ANACOFI Member Booklet - Cross-border advisory standards and compliance.
- FCA (Financial Conduct Authority) - Handbook on investment advice UK.
