UK Expat Mortgages Are Easier To Find Than You Might Think
One of the key reasons many expats move abroad is to realise their dreams of living a better quality of life and gaining financial independence. By choosing to work in a low tax environment, expats willingly make a choice to live and work away in order to help realise not only their own dreams but...
Taxpayer Advocacy Panel – What It Is And Why It Matters
The Taxpayer Advocacy Panel advocates on behalf of US taxpayers to the IRS to identify the issues of importance to them and make recommendations for improving IRS services. Laura Snyder is the only international member of TAP. Here she explains the role and workings of TAP and how taxpayers can contribute. Written by Laura Snyder,...
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...
U.S. Taxes For Expatriates – Pitfalls And Traps
To ensure a smooth tax-filing process be well informed. Having residency in a foreign country without exploring tax ramifications could mean paying more than expected to the U.S. government or home state with possible penalties and interest. This article was written exclusively for Expat Network by American Expat Tax Some important considerations include… Foreign earned...
UK Visit Limitations To Remain Non-resident For UK Tax Purposes
One of the members of the Expat Network community asked the following question about being able to visit the UK without becoming tax resident in the UK and we asked Trevor Wilkes of Trew Tax to respond to his query. I have a permanent home in the USA, where I have lived for 35 years...
On A Skilled Visa? The Government May Request Access To Your Tax Affairs
Those applying for or holding a skilled Australian visa may have to provide information about their tax affairs to the Government. Interstaff set out the rule changes and the implications. Written by Sheila Woods of Interstaff 20 December, 2018 If you are on a skilled visa or applying for one you may be interested to...
What Do I Have To Do To Complete My Renunciation Of US Citizenship?
One of the members of the Expat Network community asked the following question about his duties to file to complete his renunciation of his US citizenship and we asked Greenback Expat Tax Services to respond to his query. Question: I renounced my US citizenship on January 17, 2019. Since moving to Europe in 2010, I...
Should I Start My Business In The US Or In Belgium?
I’m an expat who has been living abroad for seven years. As I’m married to a Belgian citizen, I’m also a Belgian resident with right to work in the EU. I would like to start my own business as a freelance copywriter but am wondering if it’s more beneficial to start a business in the...
How Does The Split Year Calculation Work?
I am entitled to a split tax year. I run a property letting business outside of the country. I was resident in the UK for 21% of the tax year. Do I declare 21% of the annual net income earned to HMRC following the calculation of the year’s net profit. Trevor Wilkes, Principal of Trewtax Services responded...
Update On The Spanish Local Tax “Plusvalía Municipal”
Real estate transfers in Spain can be subject to local Tax on the Increase in the Urban Land Value (“Impuesto sobre el Incremento de Valor de los Terrenos de Naturaleza Urbana” or “Plusvalía Municipal”). This mandatory municipal tax is levied on the increase disclosed in the value of urban land whenever urban land located in...
Streamlined Filing: How to Catch Up on Your Taxes Penalty-Free
Mark your calendars for Tuesday, October 30th and join Greenback Expat Tax Services for a FREE, live webinar on how to utilize the Streamlined Filing Procedures to catch up on 3+ years of late taxes, penalty-free. Host David McKeegan, Co-Founder of Greenback will be joined by one of Greenback’s Streamlined Filing experts, and they will...
How To Renounce US Citizenship, The Costs And Implications
Reports consistently point to the increasing numbers of Americans considering renouncing their US citizenship with the burden of citizenship-based taxation as the major driver. Up until 2009 there were less than 750 people renouncing their US citizenship annually. This increased to 1,500 in 2010 and continued to grow peaking in 2016 at 5,409 with a...