Expats News at Expats Blog

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24 Sep at 6 PM

Expats letting out UK homes face new mortgage problems

A new EU ruling may cause hassles for expats wishing to let out their UK homes using a buy-to-let mortgage whilst they work or live overseas. Until March next year, expats looking to take up a contract overseas are able to let out their UK property with the permission of their mortgage lender. After that date, new EU rules will compel...
24 Sep at 6 PM

Missing expat Premium Bond prizewinners urged to claim their windfalls

Two British expats who’ve probably forgotten they’d bought Premium Bonds are sitting on a major windfall totalling £150,000. The UK’s Premium Bond scheme encouraged millions of post-war Britons to buy its shares at £1 each and take part in its monthly draws. Many savers won small or larger prizes over the years until the National...
23 Sep at 6 PM

Spanish tax man hits out at expats with Gibraltar properties

British expats living in Spain who also own property in the British offshore financial hub of Gibraltar are being targeted by the Spanish tax authorities. The sovereignty of the famous Rock of Gibraltar has long been a thorn in the side of Spain, although Britain has managed to hang onto it for several centuries. Spanish finance minister...
23 Sep at 6 PM

Travel insurers refusing accident claims on alcohol grounds

A warning from the UK’s Financial Ombudsman Service (FOS)has accused travel insurers of turning down medical claims using a reference to alcohol in their small print. Expats who have private health insurance restricted to their country of residence and book travel insurance online for their overseas holidays are warned to read the small...
22 Sep at 6 PM

Saudi banks to monitor expat account incomes in proportion to salaries

In a move designed to trace foreign workers with unofficial as well as officially permitted jobs, Saudi banks will now begin monitoring expat bank accounts for unexplained income. The move is aimed at expat workers in the kingdom who are receiving salaries for a permitted job and are also operating businesses on the side. It’s also...
22 Sep at 6 PM

Expats in Thailand worried about long term stay prospects under junta

For decades, Thailand has been a favourite expat destination for Westerners due to its relaxed immigration rules, great weather and exotic culture, but the dream may be about to end. Traditionally, immigration laws were interpreted loosely, allowing long-term stays on short-term tourist visas for those not married to Thais or ineligible...
19 Sep at 6 PM

Survey reveals most investors have problems with financial jargon

According to the UK government’s Money Advice Service, most investors and pension savers have difficulties understanding financial jargon. Almost 90 per cent of those surveyed admitted they didn’t read the small print before signing up to investments or funds. Worse still, the majority had no understanding of the acronyms used by...
19 Sep at 6 PM

EU court rules against Spanish inheritance tax discrimination

Expats with properties in Spain and holiday home owners are to benefit by an EU court ruling allowing them the same range of tax relief options as Spanish citizens. Discrimination against non-residents as regards tax liabilities has long been an issue amongst UK expat property owners who spend time in both countries. By the use of tax...
18 Sep at 6 PM

Expats in UAE shunning local banks for offshore accounts

A recent study has revealed that almost 50 per cent of expats working in the UAE prefer to put their savings in offshore bank accounts rather than in UAE banks. The survey, undertaken annually by an emirate-based financial comparison website, showed that 48 per cent of respondents were happier saving their spare cash in home country or...
18 Sep at 6 PM

Singapore to introduce mandatory driving tests for expats

Singapore’s driving rules and regulations are due for an overhaul, with new laws due to take effect from June 2015. Mandatory driving tests will be introduced for all foreign workers whose job includes driving commercial vehicles, and the tests will be backed up by a basic theory exam. Employees holding work permits or the Singapore...
18 Sep at 6 PM

Will UK politics interfere with pension freedoms after general election

Insurers and financial experts are holding meetings behind closed doors to discuss the possibility of a Labour win next May derailing last March’s budget changes to pension withdrawals. Most pension savers as well as expats have welcomed the new pension freedom measures allowing them to withdraw or transfer their savings without having...
18 Sep at 6 PM

Top ten world cities for the ultimate healthy expat lifestyle

Environmental concerns are creeping up the list of must-haves for a successful life overseas, but healthy places to live aren’t just found outside major world cities. A recent survey by CNN News identified no less than 10 world cities which offer a healthy lifestyle for migrants. Surprisingly, the giant metropolis of New York featured...
16 Sep at 6 PM

US renounce citizenship fee soars as thousands leave to avoid FATCA

The fee payable to the State Department by US citizens wishing to renounce their citizenship has soared by over 400 per cent since the introduction of the FATCA reporting system. Originally just $450, the charge for renouncing US citizenship now stands at $2,350. State Department officials claim the new amount represents the actual cost of...
16 Sep at 6 PM

Survey shows vast majority of Brit expats happier overseas

It’s not just the combination of weather, lifestyle and lower cost of living that appeals to disenchanted Brits, it’s also that the majority of their expat neighbours are loving thier new lives as well.. Estimates reveal that at least 5.5 million UK expats have given up on their home country’s ever-worsening weather, soaring taxes...
15 Sep at 6 PM

How to avoid losing your pension savings pot in Qatar

Many expats living and working in the Gulf States are becoming concerned about UK-based pension savings plans and pension transfers. Qatar is fast becoming the most popular of all the Gulf States for expats, with its capital Doha attracting a large number of foreign professionals due to its recent expansion and improvements. The oil and...
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Here are the latest 5 reader comments:
  • "The law has been passed this week and Spain offers arguably the most attractive "Golden Visa" option in Europe. We should not expect this to move the market in Spain. We are talking about investment over €500,000, the luxury end. And nationwide we would expect no more than a few hundred transactions in the first year. But it is a positive..." left by La Vida Spain on New Spanish property investment visa draws Chinese and Russians
  • "After reading about the expats survey in our local freebie paper and deciding to take part, logging on to this left me quite bamboozled as to where the survey is, there seems to be no sign of it. I suggest if a survey is being conducted under whatever guise a list of questions be published for expats to answer. Otherwise this survey is..." left by Brian Milnes on Massive new independent expat survey now live online
  • "The article is quite clear and as usual in this country ( spain) because I live in a remote area I only find things out accidently or by being surprised and fined. I don't understand how the European parliament does not act against this type of 'robo'. It is so frustrating to see a corrupt and authoritarian Spanish government get away with..." left by john porro on Spain to apply stealth tax to residents with solar power
  • "Absolutely right - already we have been receiving requests from cliets based in Italy to look at how they can 'avoid' the new regime. The Italian government is shooting itself in the foot on this one - people will relocate!" left by TaxTeddy on Changes to Italian tax regime to hit hard on expats
  • "Although there are a large number of British curriculum school in Dubai it's not easy to get into one. The waiting lists are long to start with, sometimes artificially long. People move away and don't remove their name from lists, and fearing the long lists parents put their children's names down on several lists. It's also an expensive..." left by Expat Explorers on British curriculum international schools popular in UAE and Asia