Moving To France? Seven Questions Could Save You Money
With early and careful planning, you can prevent costly mistakes and make the most of tax-efficient opportunities when moving to France. It is important to be wary of UK rules on residence. By Jason Porter This article was written exclusively for Expat Network by Jason Porter, Business Development Director at tax and wealth management advisors Blevins...
Do I Have To File US Tax Return From Abroad?
I am an American citizen who has lived in Mexico for 20 years. An accountant told me that if I spend only 30 days out of the US a year, I don’t have to pay federal income tax. Is this true? If it is, then do I have to file a tax return every year?...
Moving To Spain? Seven Questions Could Save You Money
If you are moving to Spain or have recently relocated, you have made an excellent choice. Aside from its obvious appeal, Spain can offer real tax-efficient opportunities – if you are well prepared. By Jason Porter This article was written exclusively for Expat Network by Jason Porter, Business Development Director at tax and wealth management advisors Blevins...
Currency Changes And The Price Of Property
In global prime property markets even small percentage changes in currency can have significant monetary implications. Currency, ownership costs and taxation are becoming increasingly important considerations for investors, especially as the rate of price appreciation slows in some global city markets. New research by property consultancy Knight Frank suggest that individuals need to be conscious...
Saudi Arabia Collects New Tax On Expats
From July, Saudi Arabia is collecting a new tax from expats and their dependants, a move that is seen to boost the country’s revenues amid weak oil prices. The new fee will be 100 Saudi riyals (SAR) per dependant per month, around £21 or $27. The amount is expected to increase gradually every year until...
Working In South Africa: The Tax Implications
South Africa is one of the expatriate jurisdictions where proactive planning makes a significant difference to the tax and exchange control implications of an international mobile employee. The primary reasons for this proactive planning are: Unlike most other countries, with good planning you only become ‘tax resident’ in the beginning of your sixth year in...
Will Care Visits To UK Affect Our Tax Status?
My wife and I have permanent residence in Bermuda. We are returning to the UK for maybe several months to assist with the care of my elderly father. Will we become resident in the UK at some point and subject to UK taxes? Jason Porter of expat financial advisory firm Blevins Franks answered this question. “Basically, if...
Malta In The Med: Home To Property Tax Breaks
The small Mediterranean island of Malta is proving attractive to property buyers and features tax advantages to those who come to live, invest in a home and retire. Having registered the highest GDP growth rate in Europe in 2015 and the fourth lowest unemployment rate in the EU, Malta is making a name for itself...
Death In Service Insurance
Many people working abroad for UK companies are entitled to death in service benefits either as part of their pension or an employee-run insurance scheme. These will usually pay out up to four times you annual salary as a tax-free lump sum if you die while working for that company. Under the Armed Forces Compensation...
Do You Need An Offshore Bank Account?
The answer is, you may not. But Iain Yule reckons that most British expats will at some stage, if not throughout their time abroad, find offshore banking useful in a number of ways. First and foremost is the potentially huge tax saving you can make by placing your savings offshore. To take the example of...
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...
Tax And Residence Rules For British Expats
You can still be liable for UK income tax even if you think you are safely non-resident. Make sure you pass the statutory residence test, writes Iain Yule. The UK’s statutory residence test is a welcome development after the old system, say advisers at expat specialists Blevins Franks, and provides much more certainty. However for...