With just a few days to go until the Foreign Bank Account Reporting (FBAR) deadline, you’ll want to make sure you’re aware of the requirements of this important US Treasury form. Here’s everything you should be aware of. Breaking Down FBAR The FBAR, also known as FinCEN Form 114, is the form you use...

Contractors can present themselves for employment in a number of ways, ranging from employee to offshore company director. Make sure you take the approach that suits your circumstances best. It is important to consider the structure of your relationship with companies you do business with. There are a number of options, according to accountants Forbes...

One of the most important financial tasks you have as an expatriate is to plan how and to whom you will leave your assets. It can be a complex process, involving inheritance taxes and succession law of more than one country, but it is vital to have a solid ‘estate plan’ so your estate is...

As an expat, the internet has made managing your finances much easier, but make sure you are doing it safely, says Iain Yule. As expats become more prepared to trust the internet as a means of handling their financial transactions so the banks are developing more and more exclusively online offerings. This is potentially of great...

Many expats may not be confident making their own financial decisions, especially as there are important residence and tax factors to consider. So you may want to turn to a financial adviser with experience of dealing with expats to guide you through the options for your money, writes Iain Yule. If you have British...

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...

Am I right in thinking that, as long as fewer than 90 days is spent in the UK in a tax year, then overseas earnings may be repatriated to the UK without attracting UK tax? Am I also right that these repatriated earnings may NOT be used for investment in individual savings accounts (ISAs)? Adam...

While filing US taxes can be confusing, cumbersome and downright frustrating, renouncing your citizenship isn’t always the answer. Before you race down to your local US embassy, take a look at five reasons you may not want to hand over your passport. 1. Renouncing isn’t free In years past, the State Department charged a...

British expats earn more when they head overseas but tend also to spend more, creating a savings gap for their retirement. Read more

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...