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Old 06.09.2008, 19:44
Sparky Sparky is offline
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EU planning to retire in CH but looking to buy whilst still working in UK

I’ve found this forum invaluable as I’ve developed my plans over the last year or so, thanks to those of you who spend your time helping others.

I’d now like to run my plans past the experts to see if there’s a flaw in what I’m trying to do.

I’m an EU citizen looking to retire to Switzerland. In advance of retirement I would like to buy somewhere whilst continuing to work in the UK. I am planning on having 250K CHF available to demonstrate independent means to the canton and secure my B permit. I will then use the 250K CHF as a deposit against a property.

I will then continue to work in the UK paying tax in the UK and therefore offsetting any Swiss tax liability against tax paid in the UK. The only money I will bring into CH is for mortgage payments and some living expenses.

My questions are:
1. Do I have to be in Switzerland for a certain number of days per year to maintain residency?
2. If it takes longer than five years for me to pull all this together do I have to have 250k CHF in cash at the time of renewing my B permit?
3. Are my assumptions about tax correct?
4. Is there anything that I’ve missed?

Thanks in advance for your help.
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