Upper Hand For Expats In UK Buy To Let Market After Lockdown
What will happen to the UK Buy To Let market as we come out of lockdown? Expat Mortgage broker, OffshoreOnline argue that expats in areas that recover more quickly from the pandemic will be well placed to take advantage of the later recovery of the UK economy. With much of the UK buy to...
Expats Ask, What Happens When My UK Mortgage Expires During Lockdown?
Many expats move abroad and rent their flats or houses out, often not having had the time to advise their existing UK lender. Whilst not advised, as it can be a breach of the lender’s terms and conditions, most UK lenders will be flexible for periods of less than a year and will offer a...
Own Foreign Property? Beware of Phantom Gains
Foreign property ownership can be a rewarding and lucrative experience for many Americans living overseas. But when it comes time to sell your foreign property, you may be in for a scary surprise. In addition to paying local taxes on property sales, you may be on the hook for US taxes on phantom gains—a hidden...
Covid-19 Self-Employed Income Support Scheme In UK
Missed the January self-assessment deadline? You have four weeks to file your 18/19 tax return to enable you to access the government grant announced by Chancellor Rushi Sunak. Written for Expat Network by GoSimpleTax Self-Employed Income Support Scheme Summary: You must have completed your 18/19 tax return 80% of profits up to £2,500 per month...
Excellent Ideas to Start Earning an Extra Coin on Shopify
If you feel like your day job is not giving you enough money to sustain all your needs, you don’t need to worry because you can start your side hustle with Shopify. Moreover, if you’ve been dreaming of starting your own business, but you can’t quit your job yet, you can do it part-time with...
How To Ensure A Smooth Transition To Your New Home
Relocating within the same country is a challenging time in anyone’s life. Relocating to a completely new country or continent is on a whole other level. Here are some things to keep in mind as you prepare for your move abroad to make the process smoother and to mitigate any risks. Written exclusively for Expat...
Mortgage Currency Quirk Favours UK And Expat Buyers In Spain
Currency risk is an important issue when buying a property abroad. Offshoreonline have pointed to a term available from at least one Spanish lender that can help you to manage your currency risk when earning in a different currency to the Euro. Written for Expat Network by Guy Stephenson of Offshoreonline Currency stability should...
Where To Buy A Property Abroad In 2020
What are the prospects for the international property market in 2020. Simon Conn has been an international mortgage broker for 40 years and sets out his view on which are the best places to buy in 2020. Written for Expat Network by Simon Conn In 2019 Simon Conn had a steady number of enquiries...
Wealth Management For Expats
As an expat you are often in your best-earning years while overseas, so you need to make sure you are saving and investing tax-efficiently and getting good advice from people who understand your residence and tax situation. Here are some issues to consider. Residence Residence is a key issue when determining whether you are...
Missing the October US Tax Deadline Could Cost You Your Passport
As the October 15th deadline approaches for US expats to file their taxes the IRS is increasing pressure on those who are not in compliance. Greenback Expat Tax Services set out the risks and how to ensure you understand and comply with the requirements for expats. This article has been written exclusively for Expat Network...
Expats Increasingly Vulnerable To New Build Deposit Loss
When buying a new build in the UK a deposit is often required and if problems arise in funding the purchase this deposit can be at risk, especially for expats. UK expats looking to invest in new build homes in the UK are increasingly at risk of losing their deposits, thinks expat mortgage specialist,...
US Expats Seek Changes To Tax Rules
Citizen-based taxation of US expats is a controversial subject and the annual survey carried out by Greenback Expat Tax Services shows it is the major issue for expats and is the major reason causing growing numbers to consider renunciation of their US citizenship. Nine million US expats live and work abroad, but since they...