Tax And Residence Rules For British Expats
You can still be liable for UK income tax even if you think you are safely non-resident. Make sure you pass the statutory residence test, writes Iain Yule. The UK’s statutory residence test is a welcome development after the old system, say advisers at expat specialists Blevins Franks, and provides much more certainty. However for...
Older Expats Count Twice In Saudi Arabia
Any expat in Saudi Arabia who is 60 years of age or more will be counted as two expat staff in the Nitaqat Saudisation programme, Al-Madina Arabic newspaper has reported. Expats registered as investors or academicians (professors, associate professors, assistant professors, lecturers) or working as doctors will not be considered as two staff even though...
British Expats Get Back Right To Vote
The UK government has published plans on how it will deliver its commitment to allow all British expats to vote in parliamentary elections. The Minister for the Constitution, Chris Skidmore, announced the policy statement which sets out how the government will remove the current 15-year time limit on British citizens who live abroad registering as...
Buying Property In Italy
There is no restriction on buying property in Italy and it has some of the most breathtakingly beautiful older property in the world, at surprisingly cheap prices (especially you’re up for a bit of renovating). By Christopher Nye In Italy you generally do not need a lawyer because the agent and the notary are both...
Should I Bank Offshore?
I want to set up an offshore bank account as I have been an expat for many years and have been told this would be a good place to keep my savings. Can you help? Stuart Ritchie, Chartered Financial Planner & Chartered Wealth Manager with expat financial advisers AES International, answered this question. I believe...
Looking To Transfer Your Expat Pension?
Expats generally have the right to transfer their pension abroad into a qualifying scheme. For some, the benefits of doing so are manifold. However, there are risks, and it’s fair to say that you need to tread very carefully when considering all your options. By James McLeod, Head of Pensions at chartered financial planners AES...
Moving To Nigeria – Four Things You Should Know
If you are planning to relocate to Nigeria, make sure you are well informed about different aspects of the country in order to make your transition as smooth as possible. Cigna Global, specialists in expat healthcare, have put together this list of four things you should know to help you prepare before your move to...
Puzzles Over Expat Pension
I am unsure if my overseas pension (QROPS) is free from UK inheritance tax? It seems the case if you remain offshore, but is a bit grey if you come back to the UK – even after five years away. Stuart Ritchie, Chartered Financial Planner & Chartered Wealth Manager with expat financial advisers AES International,...
Cyprus Offers Better Fast-Track Citizenship
The sunny climes and speedy administration of Cyprus have long made it a favourite port of call for investors and businesses looking to expand into Europe. With one of the lowest rates of corporation tax in Europe at 12.5%, equal treatment for offshore companies, its low capital requirement for starting a business and a strong...
Singapore The Best Place For Expats
Singapore is ranked the best place for expats for the second year in a row, in a new survey. Expats in Singapore enjoy some of the world’s best financial rewards and career opportunities, while benefiting from an excellent quality of life and a safe, family-friendly environment, found HSBC’s Expat Explorer country league table. More...
Britons Still Favour French Property
UK buyers are the most important group of non-resident investors in France, accounting for 34 per cent of all transactions in 2015, up 44 per cent on 2014. The figures come from a survey by the Notaires de France, BNP and Rightmove, the UK property portal. The combined effects of sterling strength and euro weakness...
Better Late Than Never For US Taxes
When moving abroad, there are many logistics to consider – one of which is your US tax obligation. Occasionally, though, US expats find themselves in a situation where they haven’t filed a tax return – whether it’s because they were unaware of the deadline or perhaps didn’t know they needed to file. Luckily, there are...