Personal Finance In Portugal
There are many financial issues that face those who are looking to move to Portugal. Many of these issues can be dealt with easily, provided you take advice from an expert in both Portuguese tax and tax law in your home country. Something that can save you tax in at home can have the opposite...
Buy-To-Let Mortgages For Expats In The UK
Buy-to-let mortgages for expats are available to help you invest in the UK property market and there are various options for obtaining a loan. There are additional challenges for expats beyond those faced by domestic borrowers. Buy-to-Let (BTL) Mortgages: This type of mortgage is used to facilitate the purchase and remortgage of residential property in...
Sending Money Abroad
At a loss over losing money when you need to send cash back home? It’s a common problem for expats who are getting stung by excessive fees and hidden charges from banks. With CurrencyFair, an online marketplace, secure transactions are made faster and far cheaper. Sending Money Abroad – this article was written exclusively for Expat...
Expat UK Mortgages Made Easy
The impact of the Brexit referendum has made investing in UK property for British expatriates an attractive prospect. Yet the practicalities of doing so can be a little more tricky. With increased regulations around lending and changes to lending practices, many lenders have withdrawn from the market, leaving expatriates struggling to find ways to invest...
Personal Finance Issues For Expats In France
France has a reputation as a high tax jurisdiction and while President Hollande was in power, some wealthy French nationals chose to move to the UK and Portugal, enticed by their fiscal sweeteners. But France can be a tax efficient place to live for retirees, providing you understand the tax implications of your specific situation...
US Offshore Voluntary Disclosure Program To Close
The US IRS has announced that the Offshore Voluntary Disclosure Program (OVDP) will close in September 2018. The OVDP was set up to allow US expats with potentially serious offshore compliance issues to avoid criminal prosecution and cap any exposure to penalties. The IRS indicated that the reason was the ‘significant decline in the number...
4 Ways US Expat Taxes Have Changed, And How To Prepare
US Expat Taxes have been affected by significant changes to the American tax system between 2017 and 2018. Some of the changes are made annually, like alterations to tax brackets, deductions, and personal exemptions, though others were distinctive, like the sweeping tax reform that was passed at the end of the year. This article has...
Can I Use Split Year To Reduce My Tax Liability On Return To The UK?
We are returning to the UK after 20 years in Dubai. My husband has taken redundancy and we were hoping that his salary plus end of service benefit was going to be received and transferred to the UK before our return, unfortunately due to the slow cancellation of Visas etc this is looking less likely. ...
5 Tips For US Expats: How To Maximize Foreign Earned Income Exclusion
A US citizen living and working abroad can use the Foreign Earned Income Exclusion as a shield against US taxes. Here is how to maximize the value of the Foreign Earned Income Exclusion (FEIE) in 2018. This article has been written exclusively for Expat Network by American Expatriate Tax Consultants Qualifying for FEIE An individual...
Does My Employer Have To Deduct Tax In The UK?
I may be going to work offshore in Brunei on a 4 on 4 off rota. The money is tax free from Brunei but I have concerns as I will be going back to the UK in my time off. Is my employer obliged to pay the British tax? Jason Porter of Blevins Franks advises...
Where Am I Resident For Tax Purposes?
What is my tax status? I have been an expat since 1982 in the Falklands then the Philippines, apart from one year back in the UK in 1989. I believe I am not resident of the Philippines but a ‘tourist’. The Falklands is paying me a pension and the RAF is about to. Jason Porter,...
As An Expat, Why Do I Pay Tax On My UK Pension?
Are you tax resident in the UK? I have lived in Thailand for 12 years and am now 74. I have only been back to the UK once in that time so I consider myself non-resident in the UK. I have been paying UK tax on a private pension since the age of 66 though...