Moving to Switzerland: The insider’s guide – Part Three
This is Part Three of a series of extracts from an article by Byron Mühlberg of Monito originally published on Monito.com. Written by someone who just moved to the country this guide helps people get a better picture of what they can reasonably expect along the way as they prepare for, embark upon and embrace their move...
Covid-19 Self-Employed Income Support Scheme In UK
Missed the January self-assessment deadline? You have four weeks to file your 18/19 tax return to enable you to access the government grant announced by Chancellor Rushi Sunak. Written for Expat Network by GoSimpleTax Self-Employed Income Support Scheme Summary: You must have completed your 18/19 tax return 80% of profits up to £2,500 per month...
A Guide To Recent Tax Changes For Landlords
With the latest Budget fresh in everyone’s minds, it’s easy to lose track of the changes actually impacting landlords today. For landlords who don’t have the time to keep abreast of every update to legislation, it’s hard to keep up and remain compliant. That’s why we’ve asked Mike Parkes from GoSimpleTax to weigh in on...
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...
Tax Implications Expats With Property In Spain Should Consider In A Post-Brexit World
The UK’s exit from the European Union has prompted expats to review the way in which they manage their estates and hand down their property abroad. While the issue is shrouded with misconceptions, people are more alive now than ever to their options for succession planning. But it doesn’t stop there. Richard Bate, Partner at...
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...
Wealth Management For Expats
As an expat you are often in your best-earning years while overseas, so you need to make sure you are saving and investing tax-efficiently and getting good advice from people who understand your residence and tax situation. Here are some issues to consider. Residence Residence is a key issue when determining whether you are...
Missing the October US Tax Deadline Could Cost You Your Passport
As the October 15th deadline approaches for US expats to file their taxes the IRS is increasing pressure on those who are not in compliance. Greenback Expat Tax Services set out the risks and how to ensure you understand and comply with the requirements for expats. This article has been written exclusively for Expat Network...
Expats Increasingly Vulnerable To New Build Deposit Loss
When buying a new build in the UK a deposit is often required and if problems arise in funding the purchase this deposit can be at risk, especially for expats. UK expats looking to invest in new build homes in the UK are increasingly at risk of losing their deposits, thinks expat mortgage specialist,...
US Expats Seek Changes To Tax Rules
Citizen-based taxation of US expats is a controversial subject and the annual survey carried out by Greenback Expat Tax Services shows it is the major issue for expats and is the major reason causing growing numbers to consider renunciation of their US citizenship. Nine million US expats live and work abroad, but since they...
I Live In Canada. Where Do I Pay Tax On My UK Pension?
One of the members of the Expat Network community asked the following question about where her UK pension will be taxed having emigrated to Canada. Richard Watts-Joyce, Partner at Global Tax Network responded to her query. Question: “I have just submitted a request to collect my pension early from Merseyside Pension Fund of which...
Spain Forces Banks To Pay Mortgage Stamp Duty
Stamp duty payable on execution of a mortgage deed in Spain has been the subject of case law and legislation recently in Spain. B Law & Tax explain the implications of the recent decisions. This article was written exclusively for Expat Network by B LAW & TAX, International Tax & Legal Advisors Currently Stamp Duty...