Expat Landlords To Get Lower Tax Relief
The way income from renting out property in the UK is taxed is changing dramatically. Make sure you are fully aware of how this could affect you…
The Currency Challenge
As a globe-trotting expat you have many financial matters to monitor – particularly your taxes. But you must also cope with spending and saving in foreign currencies, writes Iain Yule. The itinerant expat needs to juggle a number of currencies quickly, efficiently and cheaply. So a number of offshore banks have...
Five Things American Expats Need To Know About Foreign Bank Account Reporting
If you live abroad, chances are you have heard about FBAR and FATCA—but do you really know what they are and whether or not you need to file? It’s important that you fully understand because the penalties for failing to file if required can be steep! So let’s take a look at the five things...
Contractor Or Company?
I have (I think uniquely) been paid like an employee by my company as I travel between international assignments. They say they can no longer do this. Can I remain UK non-resident and would it be better to bill them directly as a contractor or set up a UK company to manage my finances? Adam...
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...
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...
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...
New Expat Health Cover for China
Allianz Worldwide Care has announced the launch of international healthcare plans for individuals and their families living in China. The healthcare plans, which have been designed specifically for expatriates and local nationals, will initially be available for those living in Shanghai, China’s largest population centre. Allianz has a dedicated health insurance support centre in the...
Fees on Currency Transfer?
I transfer money from the UK to Thailand so I had a look at your transfer service. The rate looks good but I am not sure what it means by ‘zero to low fees’. Could you let me know what fees apply or if the rate on the calculator is exactly what ends up in my...