My wife and I have permanent residence in Bermuda. We are returning to the UK for maybe several months to assist with the care of my elderly father. Will we become resident in the UK at some point and subject to UK taxes? Jason Porter of expat financial advisory firm Blevins Franks answered this question. “Basically, if...

Many expats can benefit from using offshore bank savings accounts. They are useful for working in different currencies and for gathering interest without deduction of taxes. By Iain Yule See the article ‘British Expats – Do You Need An Offshore Bank Account?’.   The best current offering for sterling offshore savers is Standard Bank’s 1.2%,...

Ah, filing expat taxes…one of the necessities of living overseas. While it may not be the most enjoyable thing about your adventure abroad, fortunately the IRS provides a number of ways to avoid double taxation so you can save money come tax time. By Greenback Tax Here we highlight the top credits, deductions and exclusions...

British expats have to look longer and harder to find affordable deals for UK house buying. Problems encountered by expats include having to find much larger deposits than UK-based customers, and higher interest rates and arrangement fees. These come on top of the usual hassles of finding and conveyancing a property purchase from a distance....

The overseas pension transfer tax can see the UK taxman take a quarter of expats’ transferred funds. Those thinking of moving UK pensions need to know the new rules. One of the few surprise announcements in the UK 2017 Spring Budget was the ‘Overseas Transfer Charge’ – an immediate tax on certain transfers to offshore...

Buying UK property as a British expat used to be tricky – yet, thanks to mortgage products specifically created for this purpose, and new applications that calculate how much you can borrow, and that even give you an agreement in principle online, securing an investment property in the UK is easier than ever before. Since...

My wife and I have been expats since 2000 and are likely to return to the UK this year. We have invested in UK property as a ‘retirement fund’ but have heard that new capital gains tax rules may affect our returns. We have been offered a qualifying non-UK pension scheme (QNUPS) as an alternative....

Skipton International has launched an upgraded online calculator, giving expat mortgage customers a quick guide to loan options. The calculator uses information such as property value and rental income to show customers the maximum amount they would be able to borrow, along with estimated monthly repayment costs, based on Skipton’s mortgage offerings for the requested...

If you are an American have seriously delinquent tax debt, IRC 7345 authorises the Internal Revenue Service (IRS) to certify that to the State Department. The department generally will not issue or renew a passport to you after receiving certification from the IRS.   Upon receiving certification, the State Department may revoke your passport. If...

We are quickly approaching the first of several US tax deadlines – and as an American abroad, it’s time to begin preparing to file your US expat taxes. Since your reporting and filing requirements can be a bit more complex while living abroad, being prepared well in advance can set your mind at ease when...

Greater economic uncertainty has contributed to the pound declining in value against the majority of major currencies in the past year, according to latest research from Lloyds Private Banking. Over the past 12 months, the pound has fallen in value – to varying degrees – against 56 of the 60 currencies analysed. This followed a...

Rules on UK lending introduced by the UK’s Prudential Regulation Authority limit the amount expat buy-to-let property investors and landlords can borrow on new mortgages. The new rules are designed to slow the demand for UK buy-to-let investment by demanding buyers raise larger deposits. Lenders will have to test affordability using notional interest rates of...