Expat Landlords – Your Self-Assessment Guide
If you make money from renting out your property to others, HM Revenue and Customs considers you as a landlord, even if you don’t think you are. As such, expat landlords will need to fill in an annual Self-Assessment tax return form (which tells HMRC how much Income Tax you’ll owe on your earnings)...
Skipton Return To The UK Buy To Let Remortgage Market
Skipton International, the UK Buy to Let mortgage lender for overseas residents, has returned to the remortgage market. Due to COVID-19 restrictions preventing physical property valuations, Skipton International had previously stopped accepting mortgage applications. With a limited number of mortgage providers offering Buy to Let mortgages to British Expats and Foreign nationals, this is...
Be Tax Savvy: File Early In 2020
GoSimpleTax recommend that you submit your tax return in April. Filing just short of the deadline can be a dangerous game. HMRC is under pressure, you may not have the documents you need, and it doesn’t leave you much time to save for your tax bill. Filing in April, on the other hand, solves the...
Move From A Paper Tax Return To Online Submission
If you’re new to submitting Self Assessment tax returns, it pays to know that there are three ways of filing. Firstly, you can submit via the HMRC site and receive instant acknowledgement post-submission. You can also use commercial software to do this for you. Or, you can send a paper tax return to HMRC in...
Only One In Three British Expats Plan To Return To The UK Permanently
Over half of British expats feel the UK has changed for the worst, since leaving the country according to a recent survey. In addition, only one in three British expats now intend on residing in the UK in the future. The research, conducted by independent financial advisory, Hoxton Capital Management, questioned over a thousand British...
Can I Get A Mortgage As An Expat?
When living and working abroad many British expats want to retain an interest in the UK property market by investing in a buy-to-let property to get a good return or they buy a property for their family or to leave empty so that it is ready for them when they return home. Expats from other...
UK Expats: Do I Need To File A UK Self Assessment Tax Return?
If you no longer live in the UK, you may still be required to file a Self Assessment tax return with HMRC even if you’re a non-resident. This article was written exclusively for Expat Network by Go Simple Tax Tax rules for UK residents and non-residents can be different – one of the first...
Can I Use Split Year To Reduce My Tax Liability On Return To The UK?
We are returning to the UK after 20 years in Dubai. My husband has taken redundancy and we were hoping that his salary plus end of service benefit was going to be received and transferred to the UK before our return, unfortunately due to the slow cancellation of Visas etc this is looking less likely. ...
Do I Need To File A UK Tax Return As A Retired UK Expat?
I am a UK retired expat and left the UK in 2006 and have been travelling since then. I divide my time between Asia and Europe, no longer than 3 months in any one country at a time. I have not filled in tax returns, in that time, but am now looking to settle in...
Self-Assessment Made Easy Using SimpleTax
HMRC-recognised SimpleTax has been developed for you and not accountants, calculating and submitting your return direct to HMRC. As it is cloud-based, SimpleTax is perfect for expats, guiding you through your return without all the tax jargon, prompting you to claim the allowances you are entitled to. This article was written exclusively for Expat Network...
Tax On A Move Back To Canada?
I am a Canadian non-resident in the Czech Republic. I plan to return to Canada in two years’ time to finish working and eventually retire. I filed a T1 General form for 2015 as I had a small amount of interest income from a bank account I hold in Canada. Must I always report interest...
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...