UK Tax On Guernsey Portfolio?
I have a query regarding my tax situation. I am British and have been working in Austria for the past 18 months or so. I have quite a large sum invested through an asset manager in Guernsey – in investment trusts, exchange traded funds, real estate investment trusts etc. Could you possibly tell me if...
Saudi Arabia To Tax Money Sent Abroad
The Saudi authorities are considering a tax on remittances by expats. By tightening the rules on employees sending money abroad the Saudi government aims to raise revenue. It is considering plans to impose a tax of up to 6 per cent on money sent out of the country by expats. New rules may also limit...
Expat Rents Stable, Falling In Oil States
The subdued global economic growth of the past year has had a significant impact on rental rates around the world. The majority of locations have witnessed very static rental trends, with minimal movements in the last year. But there are regional variations. Low inflation has helped to keep wage rises down, which has had an...
Expats Are Lax On Health Cover
Nearly 60 per cent of Britons moving abroad do not secure medical insurance cover before they go. Over four-fifths of respondents to a survey by AXA PPP International feel concerned about accessing quality healthcare while abroad. Yet three-fifths do nothing about it. The urge to live and work abroad is growing, with the research...
Fewer Life Insurance Options For Expats
Recent research suggests that only 16% of UK insurance companies offer life insurance products to British citizens living abroad. This was a substantial reduction from the previous year’s figure of 33% and indicates that British expats are now struggling to find adequate life insurance to meet their needs. Also in the survey, by insurance advisers...
Arup picked for record breaking timber tower
Arup has been selected to develop HAUT, the highest wooden residential building in the world to date, counting 21 floors. We will work in partnership with Lingotto, Nicole Maarsen, TEAM V Architecture and Nederlandse Energie Maatschappij. The 73 metre high residential tower located in the Amstelkwartier will include 55 apartments, public plinth Hortus bicycles and...
Contractors: Beware New Managed Service Company Rules
Contractors in the UK, or using UK structures while abroad, should consider how they might be adversely affected by new laws on managed service company providers. The UK taxman previously found it extremely difficult to enforce the old IR35 rules on personal service companies being used by contractors, say experts at Capital Consulting. So MSC...
Oil And Gas Workers Should Retrain?
A new online tool is designed to help skilled workers in the oil and gas sectors find job opportunities in the wider UK engineering sector, supported by the pipeline of large energy and infrastructure projects, according to the UK government. The existing Talent Retention Solution scheme, which is used by over 1,000 companies in the...
Exits And Expats: How Brexit Affects You
Expats all over the world – and not just in the UK and Europe – will be puzzling over how the UK’s decision to leave the EU will affect them. It might certainly make it more difficult for Britons to find work in Europe. Savers, investors and European property owners will be affected too. ...
UAE: Workers Must Vacate Within 30 Days
The UAE Ministry of Human Resources and Emiratisation has told employees living in accommodation provided by their employers to vacate it within 30 days after their service is finished, according to reports in Emirates 24|7. An HR executive with a leading UAE company, however, told Emirates 24|7 that employees can be given grace period...
World’s Best Places For Retirement Property
International Living magazine’s Annual Global Retirement Index has identified the most-affordable places to buy or rent property abroad in retirement Ecuador was found to be the best in this category. In the colonial city of Cuenca, you can rent a two-bedroom apartment for $500 or less, while the same property in the popular mountain town...
Dream Over For Expat Retirees?
A third of British people who have retired abroad intend to return to the UK, according to findings from the eighth annual NatWest International Personal Banking (IPB) Quality of Life Index. While ‘retired expats’ retiring to warm European countries is an enduring cliché, the index  has found that younger expats (aged 25-35) are actually increasing...