Finance News - Emigrate UK Page 35

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Buy to let investments lose ground to holiday let properties

Buy to let investments lose ground to holiday let properties
The reason behind the increase in investors looking to purchase European short-term holiday let properties may well be spurred by the need to have a foothold in an EU member state before Brexit kicks in. Whatever the initial reason, short-term lets in popular overseas holiday destinations provide attractive rental yields mostly gained...

Expats urged to take short term relocations to Japan and don?t die on the job

Expats urged to take short term relocations to Japan and don?t die on the job
The Tokyo governor is calling for a roll-back on Japan’s devastating expat-aimed death tax. Expats heading for a new working life in Japan need to make their stay comparatively short and make special efforts to stay alive due to the country’s bizarre 55 per cent inheritance tax aimed at expats’ worldwide assets. The heirs of expats...

Citizenship for sale to the highest bidders

 Citizenship for sale to the highest bidders
A recent development making it easier for wealthy would-be expats to avoid complicated visa requirements by purchasing a second passport could be described as ‘citizenship for sale’. The countries advertising the relatively new service prefer to call it ‘citizenship by investment’ as it mostly involves significant amounts of ready...

Frozen pensions protest group appeals to UK lawmakers yet again

Frozen pensions protest group appeals to UK lawmakers yet again
As British expats living in a number of countries outside the EU are getting older, more and more are finding themselves trapped in ‘pension apartheid’. The frozen pensions scandal seems to have been hitting the headlines for decades, with not one elected British government able and willing to do anything about it. Cynics might well...

Expats relocating to Amsterdam bereft of housing and schooling finance

Expats relocating to Amsterdam bereft of housing and schooling finance
As popular areas in Amsterdam attract more expats, a recent survey reveals most get no financial aid with schooling and housing. Relocation to Amsterdam’s increasingly expensive central districts is causing financial distress for expats without housing and schooling allowances. Research by the International Community Advisory Panel...

Andalucia the most popular for Brits buying second homes in Spain

Andalucia the most popular for Brits buying second homes in Spain
Whether the purchase of a second home in Spain is for family holidays, couples and singles retreats or eventual retirement, Spain’s Andalucia province is al all-time favourite. In a recent survey by a major international real estate construction firm, Mijas and Marbella came second and third, topped only by Torrevieja in Alicante,...

Multiple passports the latest accessory for seriously wealthy expats

Multiple passports the latest accessory for seriously wealthy expats
Second, third and even fourth passports are the latest in status symbols for the ultra-rich as well as giving considerable tax advantages and opportunities to hide less than pristine currency. The need for a second passport isn’t just related to obtaining ease of travel around an increasingly xenophobic world as it’s also linked to...

US citizenship renunciations still growing

US citizenship renunciations still growing
Citizenship renunciations by US expats living overseas were up by another 26 per cent in 2016, with another 1,313 leaving in the first three months of this year. The renunciation trend, centered amongst long-term US expatriates living, retiring or working overseas, is continuing at a fast pace, but totals may be even higher as many...

Expats in Portugal get reprieve on 10 per cent pensions tax

Expats in Portugal get reprieve on 10 per cent pensions tax
Speculation about Portugal’s proposed 10 per cent tax on expat pensions has come to nothing for now. Expat pensioners living in Portugal can’t help but be relieved the controversial 10 per cent tax on overseas pension transfers won’t be introduced in the country’s 2018 budget, but many believe the relief may only be temporary. The...

New Zealand PM to ban house sales to foreign buyers

New Zealand PM to ban house sales to foreign buyers
In a move aimed at dealing with New Zealand’s housing crisis, the country’s incoming Prime Minister has pledged to ban the sale of existing homes to foreign buyers. New Zealand is a popular property investment location, but it’s uncertain how the ban will affect expats wishing to buy their homes. According to media reports, other...