expat network

Guide To Overseas Mortgages

If you’re thinking of moving abroad, one of the biggest things you’ll have to consider is the mortgage. Edward Hardy has the answers to some of the questions you’ve been asking about a mortgage overseas. What are the advantages of taking out a mortgage overseas? As well as the cut-price properties that have been available on...

Musician Wants To Change His Tax Tune

We specialise in business management for international recording acts etc. We recently had a question from a UK citizen relocating to Canada as a permanent resident. Can he sever his UK residency and file taxes in Canada until his return? “In short, it is possible for your client to sever their UK tax residency,” says...

Top Five Things to Be Aware Of Before You File Your US Taxes

It’s that dreaded time of year again—tax time! While US expats may cringe at the thought of filing US taxes, understanding the important US tax laws will make the filing process a lot easier   By David McKeegan If you are a new expat, new to filing US taxes abroad or filing on your...

Can I Receive A State Pension From The UK?

Being British and having lived in Germany for the past 20 years I am a bit out of touch with the British pension system. Next year I will be retiring and I would like to know if I can receive a state pension from the UK. Adam Thompson, tax manager of expat financial advisers The...

Pensions And Property Investment For An Expat

I am planning to move back to New Zealand some time in the future, having been in the UK already for 15 years. I am self-employed and have no pension plan or property, so I reckon I need to get these in place with a view to taking a rental income from the UK property...

Paying Off A UK Mortgage From Abroad

My son and I are both UK non-residents. It is possible that he might return to the UK after some years. I will not return. My son bought a flat in UK and has asked me to pay the remaining mortgage on it. The flat is rented out and is not his/my home. What are the...

Tax Noose Tightens On Americans With Offshore Assets  

International non-compliance has become a significant area of concern and focus for the Internal Revenue Service.  Based on recent criminal prosecutions and convictions by the Department of Justice and global tax enforcement initiatives, it is clear that international tax is a top priority for the IRS and that the Agency will vigorously pursue offshore tax...

EU/Greek Deal Done, But More Heartache Ahead For Euro

The big news in Europe in the last month is the deal done between the EU and Greece which has given the latter a four-month extension of its financial rescue package, writes Edward Hardy. This will allow Greece time to negotiate and formulate a plan to deal with its ongoing debt burden in a manner...

Taxed On UK Mortgage Payments From Abroad?

I am planning to work in Qatar but want to carry on paying my UK mortgage and sending money to my family. Will this be subject to UK taxation? You should be in the clear as far as UK tax is concerned. Dean Power of The Fry Group says that the amount you send back...

British Expats: Keep Records Which Show Non-Residence

With tough new statutory residence test rules, British expats have to make sure of their status by keeping careful travel records. The issue of where you are resident for tax purposes can be more complicated than many people realise, say expat advisers Blevins Franks. If you get it wrong, you could face a tax investigation....

World First – Foreign Exchange

Need to make a currency transfer? Most expats need to make international payments of some sort. Whether it’s to pay a mortgage overseas, transfer their pension, or to send your salary to a bank account back home, expats are always looking for the best solution that will save them time and money and take away...

UK Taxes on Income from the UK and Overseas?

I’ve been offered a post in the Middle East but I’m unsure what my tax position is. I have a property I own and one I rent. As I still have liabilities in the UK, with grown up children and standing bills to pay on my own house, I will need to repatriate money each...