Tax News - Emigrate UK Page 4

This is the category page for all Tax news here on emigrate.co.uk, where you can view all the Tax emigration news.

Landmark High Court ruling lets expats off HMRC taxman hook

Landmark High Court ruling lets expats off HMRC taxman hook
A landmark ruling in the British courts has taken away HMRC’s power to chase expats overseas for information used in a tax enquiry. n the past, expats who live permanently overseas have been called on by Her Majesty’s Customs and Excise office to release information or documentation related to possible tax evasion or avoidance....

Expat investors head north for buy to let bargains

Expat investors head north for buy to let bargains
For expats looking to live well from UK buy-to-let properties, research into the best regions for returns is now essential. With increasing house prices, increased stamp duty and the recent crackdown on tax all squeezing landlords’ profits, expats wanting to take advantage of the fall in sterling to make a buy-to-let investment need to...

US expats at risk from IRS investigation of bitcoin trades

US expats at risk from IRS investigation of bitcoin trades
American bitcoin traders both in the home country and overseas are at risk from IRS investigation for failing to declare their bitcoin trades. The US tax authority is looking to close the loophole of tax-free bitcoin trades by both US residents and expats as it considers tax on the trading profits from the virtual currency should go to...

Are QROPS still viable for Britons retiring overseas

Are QROPS still viable for Britons retiring overseas
Britain’s divorce from the UK is likely to render a QROPS transfer uneconomic for British expats as they may become liable for a transfer tax at a rate of 25 per cent. For British expatriates, QROPS has long been a no-brainer as regards moving private pensions to tax-efficient offshore jurisdictions. The bad news for UK pension savers...

Expats heading to Saudi can trust local banks

Expats heading to Saudi can trust local banks
With warnings about fraudulent expat investment schemes, failing banks and online financial scams hitting the news weekly, what are would-be expats to do to safeguard their hard-earned cash? The good news for relocating expats heading to Saudi Arabia is that the kingdom has one of the lowest rates of bank fraud on the planet. The...

How to land a good job in Singapore

How to land a good job in Singapore
Singapore’s reputation as a wealthy, emerging financial hub is now well and truly on the world map, giving expats looking to work in the city state a choice of ways to increase their earnings. Professional expats looking for opportunities to make money and advance their careers could do a lot worse than head straight for Singapore....

Paradise Papers spur EU attack on offshore financial jurisdictions

Paradise Papers spur EU attack on offshore financial jurisdictions
The European Union is preparing to target offshore tax havens which make it easier for the wealthy to legally avoid paying tax. Although EU finance supremo Pierre Moscovici admits tax avoiders who do business with offshore tax havens are not breaking any current laws, he believes tax and banking laws should be changed to disallow the use...

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...

FCA survey shows many pension savers don’t understand the product

FCA survey shows many pension savers don’t understand the product
According to a Financial Conduct Agency survey, 25 per cent of retirement savers who’ve accessed their defined contribution pensions have no idea how they did it. The FCA’s research was carried out with 13,000 respondents, with the intent of examining public attitudes towards the financial service sector. The survey concentrated on...

Rerun of dementia tax could cause post Brexit problems for expats

Rerun of dementia tax could cause post Brexit problems for expats
A throwaway comment by a UK government minister about raiding property to pay long-term care bills could prove problematic for UK expats. The hated, and at present discontinued, so-called ‘dementia tax’ which forced the sale of property owned by Britons in care homes could soon be re-established. The government’s Care Minister...