A Power Of Attorney Could Protect Your Overseas Property Purchase
Overseas property expert, Simon Conn, has reached out to his peers to comment on the importance of a Power of Attorney when protecting property and assets abroad, especially with Covid-19 ever present. Written by Simon Conn of Simon Conn Overseas Property and Finance With Brexit looming and the UK in its second official lockdown,...
Prenups Should Be The Way Forward For Expats
While family law may not be top of the UK legislative agenda, Emma Collins, partner and head of Weightmans’ private client team, argues that prenups have an increasingly crucial part to play in divorce proceedings as we enter a post-Brexit world. Written exclusively for Expat Network by Emma Collins, Partner at Weightmans Like so...
Tax On Inheritances And Donations For Non-Tax Residents In Spain
The Spanish Inheritance and Donation Tax applies to donations and inheritances and has traditionally had different rules for EU and non-EU residents with non-EU residents unable to take advantage of advantageous Regional Laws. Recent case law has challenged this different treatment. B Law & Tax set out the implications. This article was written exclusively for...
Don’t Miss the US Tax Compliance Boat – OVDP Ends Sept 2018
If you are an American citizen or green card holder living abroad who has unreported assets and income, time is running out to take advantage of a critical Internal Revenue Service (“IRS”) tax compliance program. Written exclusively for Expat Network by Kevin Sweeney, Senior Counsel, Chamberlain Hrdlicka Here’s why. Effective September 28, 2018, the...
Expats’ Money Details To Be Shared
New legislation, the Common Reporting Standard (CRS), came into effect from 1 January 2016. The CRS is an agreement between nations that they will automatically exchange information about residents of another country who hold financial assets in theirs. By Adam Thompson This means that if you are a tax resident in the UK and...
Predicting The Foreign Exchange Market
There are numerous options that can help you minimise the impact of adverse exchange rate movements on your funds transfer. Nobody can accurately predict future exchange rates consistently and people should be very wary of dealers who claim they can. While keeping in touch with exchange rate fluctuations is important, most people will be better...
US Expats: Learn About The Statement Of Specified Foreign Financial Assets
In an effort to curb tax dodging by United States citizens with foreign assets, Congress passed The Hiring Incentives to Restore Employment Act. The act imposes a new reporting requirement for foreign financial assets, in addition to the requirement of filing an FBAR. The new law applies to specified persons with specified foreign financial assets which...