1. Brexit implications for expatriates

2.  Facts and Figures  Taxes and Pensions  Healthcare and Benefits  The 1969 Vienna Convention on the Law of Treaties ‘Acquired Rights’  Questions Brexit - Concerns to expatriates living and owning in Europe

3.  If Leave - Extracting the UK from the EU would take a minimum of two years, and most likely many more.  New offers on the table…The breakup?  Est. 1.2mn British born living in the EU  Of which…circa 1mn living in Spain  3.3mn people born in another EU country who now live in the UK Facts and Figures

4.  Most likely to remain the same – if fiscal resident  Non fiscal – The risks will be greater.  Live in a territory – pay your taxes there  Bilateral agreements between the UK and the EU – not related to EU rules  Still have your pensions paid outside UK Taxes and Pensions

5. Canary Isles 99.9% reduction  Gifts & Inheritances  Close relationships, including Spouses and Children  Resident in the EU!!  If you live in Spain – you are an EU resident.

6. Healthcare and Benefits  Retaliatory measures – 3mn + living in the UK – Cause Financial Turmoil  If 1mn Brits spend €30 a day?  The UK paid £674mn in 2014 – 2015 for UK nationals treatment  The UK received just £49mn in the same period  Renegotiation - Should come to some agreement  But – the UK would separately – I feel sure! Emigration: “Why British expats have nothing to fear from Brexit” “British people have lived and worked in European countries for centuries before we joined the EU and will continue to do that whatever the result in June.”

7. ARTICLE 70.1B states that a termination of a treaty… “Does not affect any right, obligation or legal situation of the parties created through the execution of the treaty PRIOR to its termination.” IN A NUTSHELL… If you have made your bed in another country (taxes, residencia, home and social) then under this convention – these have to remain. The 1969 Vienna Convention on the Law of Treaties ‘Acquired Rights’

8. Questions Received

9. What would happen… GBP vs Euro “Analysts at the bank have told clients that the euro and pound will be on equal footing should the UK vote to leave the European Union, of which analysts believe there is now a 40% chance of happening” UBS & HSBC Another View: Barclays say Brexit is Good For the Pound – longer term” Perhaps other countries will flirt - send out an image of a self- destructing, weak and unappealing community. GBP could be a safe haven

10. Britain – One of the 4 major contributors to the EU “If the UK votes to leave, what will be the likely effects particularly on tax payers in Spain of a reduction in the EU's income by approximately £8.5 billion per annum?  27 other EU Countries  £8.5 billion but trade deficit?  Also - less costs to the EU if Leave

11. “Why do British State pensions continue to be paid with annual increases in the USA”  Britain has a Social Security ‘reciprocal agreement with the USA  EEA Countries – pension increase.  Not Commonwealth countries??  Campaign groups are active  Spain?

12. Spain grants acceptance to "immigrants" from EU and other countries who choose to live and pay taxes in Spain. How might this change for UK citizens if Brexit occurs?  The Non-Resident threat I mentioned!  Fiscal resident – acceptance.  Too much to lose

13. “The prospect of Boris Johnson and Donald Trump is a frightening thought. How is this prospect having an effect on the financial advice being given to investors. Should investors convert to a cash situation where possible and reconsider their options after the vote”?  Short lived reaction  Hedge your bets – 50% cash perhaps?  Fund managers shifting into UK!

14. Will membership cease only on completion of the exit negotiations or at the beginning of them?  Article 50 - 2 year statutory period – UNTESTED  Negotiations  After – take it or leave it offer  Probably much longer  Passports will be valid  Liberal trade agreements with the EU?