Last chance for US expats to claim up to $3,200 in COVID stimulus checks
As a US expat, you’re exploring the advantages of life overseas. But there’s one opportunity you don’t want to miss – claiming your U.S. government COVID stimulus checks, otherwise known as Economic Impact Payments, which can amount to up to 3.200 US dollars. The final deadline of June 15, 2024, is fast approaching! This is not...
Top Reasons Why Americans Abroad Want To Renounce Their U.S. Citizenship
While the annual tax season can be stressful for filers, the burden is even greater for Americans overseas. About 9 million U.S. citizens live abroad, the U.S. Department of State estimates. Nearly a quarter of U.S. expats are “seriously considering” or “planning” to renounce U.S. citizenship according to 1040 Abroad. For those looking to renounce citizenship,...
Useful Tech Tools Every Business Should Fully Utilize
In the ever-evolving landscape of modern business, staying at the forefront of technological advancements is not just advantageous—it’s essential. Tech tools can automate mundane tasks, optimize operations, and provide invaluable insights into customer behavior. Whether it’s to improve productivity, manage projects effortlessly, or enhance customer engagement, there is a suite of tech tools designed to...
Six 2023/24 Tax Year Changes You Should Know If You’re A UK Landlord
April 6, and that can mean only one thing – the start of the new UK tax year. It’s when most changes to UK tax rules come into force, which can be good or bad news for you and your rental income. It can also be the perfect time to make tax less of a...
Receiving An Inheritance From Abroad: Special Considerations For Spain Taxpayers
My habitual residence is in Spain and I have received an inheritance from abroad. Do I have to pay taxes in Spain? Can I deduct inheritance tax paid abroad? Written by Dimitrichka Nedelcheva Anghelova, tax lawyer. AGM Abogados The tax consequences in Spain of receiving an inheritance abroad will depend on where the heir lives...
Top Ways IT Professionals Can Help Expats Expand Their Business
Navigating the business landscape as an expat often involves overcoming unique challenges. IT professionals, with their specialized skills and global perspective, play a crucial role in enabling these ambitious individuals to adapt and thrive in new markets. By leveraging cutting-edge technology and innovative strategies, they provide the tools and solutions essential for expats to establish...
Spain’s Co-Investment Fund (FOCO)
In Spain, the Council of Ministers of 27 December 2023 approved the creation of the Co-Investment Fund (also known as “FOCO” in Spain). The management of the Fund is entrusted to COFIDES and will have resources from the Next Generation EU instrument and a budget of €2 billion. The purpose is to mobilise resources from...
Financing A Property in France
Whether you are planning to buy a holiday or investment property or are moving to France to live and are buying your main residence you need to consider the best options for funding your purchase. Here we set out how the French property market works and the options available to borrowers. Sources of funding...
Landlord Self Assessment Tips – How To Complete Your Tax Return
Many UK landlords, possibly you included, do their own annual Self Assessment tax returns, even though it’s a task that most dislike. It’s boring and it takes up precious time you would rather spend doing anything else. Here are our landlord self assessment tips. Article written by GoSimpleTax But you can save a few quid...
HMRC Crackdown On Airbnb Tax Evasion: How Could It Affect Some Hosts?
Airbnb’s success is truly amazing. The story began in 2007, when the first two Hosts welcomed three guests to their San Francisco home. Airbnb now has more than 4m Hosts worldwide who have welcomed more than 1.5bn guests in more than 220 countries. Article written by GoSimpleTax There are hundreds of thousands of active UK...
8 Essential Steps Toward a Better Financial Future
Planning your financial future can often seem like a daunting task. However, by breaking it down into manageable steps, the path to financial stability can be made less intimidating. This guide will walk you through some essential steps that can set the foundation for a stable and secure economic future. These steps are intended to...
Financing your Portuguese home: the ABC of Home Loans in Portugal
In this article we look at some of the key factors involved in financing a property purchase in Portugal. If you are thinking about moving to Portugal and buying a property there, you should be aware that there are some specific conditions that you should meet to be able to get a home loan by...