How a couple earning 200k Euro per year could potentially save 60k on tax, and end up living in brand new Birchley community villas in two beautiful countries, year round.
First of all, the tax information here needs to be taken lightly, and is only a guide that has to be clarified and planned for by a registered tax consultant.
There are different circumstances for tax payers from many countries, which is why clarity needs to be established by a professional, but here is one scenario that will work for quite a few.
In most cases, you can’t become a tax nomad that pays no tax anywhere by simply moving around the world, even if you think you can.
What you can do is become a tax resident in some select tax friendly locations that have zero or close to zero rates of tax for income earned abroad. These countries don’t mind how much time you spend actually residing in their country on an annual basis, as long as you have an address, a bank account, and a registered phone, plus utility bills. There are companies in all of these tax friendly locations who specialise in setting up and maintaining this type of arrangement for relatively affordable fees.
The chances that you might want to actually live in one of these countries is slim, but you can set yourself up in one of them, and then spend your time wherever you like, as long as you don’t spend more than 180 days in any other country per year approximately.
So now you are registered for tax in one of the few tax friendly countries, and if you bought let’s say one Birchley home in Argentina, and another in Greece or Thailand, you could spend roughly 5.5 months in each without incurring any tax liability in either, while enjoying the best seasons from a climate perspective all year round in both locations.
You don’t have to be extremely wealthy for this to make sense, and here is an example of a couple who have an annual income of 200k Euro, who are currently paying about 80k in tax and social security payments in their existing country of residence:
This couple is now 60k per year better off, and they have the benefit of living in two beautiful locations with quality community neighbours for 11 months of each year, with the added bonus of a great climate.
On top of gaining the 60k per year in tax, they are also benefiting from the fact that their income or spending power has increased by a factor of 3, because they are now living in countries where the cost of living is about 3 times less than their existing or original country of residence.
So for an average of £180k, they now own two exact same brand new homes in well maintained gated communities in two different parts of the world to move between.
A member could also buy just one home, and swap locations with another member from a different country for periods of time to achieve the same results, subject to availability.
Our Birchley Villa and village designs are the exact same across all countries and community groups, which is why we are so efficient in delivery, cost and quality.
