Expat Living Abroad News
Latest 10 news items tagged Living Abroad
9 Jun at 6 PM 2017
A recent study has revealed only one in every 10 British expats living overseas has any serious intention of returning to the home country.
The survey’s results showed the majority of expatriate Britons had made the decision to leave due to relocation by their company or the desire to start a business overseas. No mention was made of the hundreds of thousands of retirees who left for a better quality of life in a warmer country, very few of whom, it would seem, have any intention of returning to a post-Brexit world.
2 Jun at 6 PM 2017
As a result of a new global transparency drive, financial data related to British citizens living overseas is to be sent to HM Revenue and Customs by world financial centres.
HMRC is preparing to receive the data this week as part of a coordinated global attempt to crack down on tax evaders, but innocent British nationals living abroad
with no intention of avoiding tax may well be caught up as a result. Many thousands of expats holding undeclared savings accounts may find themselves being issued with penalty notices once their details...
18 May at 6 PM 2017
With so much uncertainty as regards the Brexit effect on freedom to live and work in the EU, a shift of expat focus to the financial consequences of a hard deal can at least help with contingency plans.
Basically, the major effect on expat finances is certain to be the fate of sterling once Brexit becomes an uncomfortable reality. If you’re planning to return to the UK, exchange rates will make no difference to your monthly state pension, but if you’re determined to stick it out in Europe by whatever means necessary or are...
10 May at 6 PM 2017
As the UK digs itself ever deeper into the hole of a hard Brexit, a small survey by a financial services company has revealed a distinct lack of British expat enthusiasm for ever returning to the home country.
The survey, although clearly initiated for marketing purposes, stated that out of the small number of 808 expat respondents, 70 per cent said they had no intention of ever com9ng back to Britain, whilst 21 per cent said they might consider the possibility and just 10 per cent said they would return eventually. Another result...
3 May at 6 PM 2017
As the chance of finding a fair and just solution for UK expats in EU member states recedes still further, those with enough spare cash can make sure they're sitting pretty via a Golden Visa.
As with much in the UK, Golden Visas are for the wealthy and are unobtainable due to their cost for the average British state pensioner who’s chosen to live abroad
for economic reasons. As the reality of Brexit begins to dawn, those with gold-plated pensions and money in the bank will be able to choose between five already popular expat...
18 Apr at 6 PM 2017
A new study has revealed that Spain, traditionally the favourite retirement hub for British expats, is now losing out thanks to the Brexit vote.
The survey, conducted by Anchor, a retirement care and housing provider, is bad news for Spain, once the most attractive destination for many thousands of British retirees. Almost half the retirees who took part in the study said they were ‘unlikely’ to make the move to Spain, whilst the 41 per cent who had already decided to become expatriates in Spain, France and other EU member states...
20 Mar at 6 PM 2017
In this unique and hopefully brief period of American political history, US expats living and working overseas could be forgiven for thinking their democratic rights are valueless as no-one wants to know about their fears and feelings.
Moving overseas for work or retirement is no reason to simply abstain from exercising your rights and giving your opinions about today’s unfamiliar state of the nation. However powerless US expatriates may be feeling, this is definitely not the time to close your eyes and shut your ears to what’s...
27 Feb at 6 PM 2017
UK expats in Europe have been urged to lobby members of the House Of Lords over an amendment to the proposed Brexit Bill.
The amendment is due to be debated this week in the British parliament’s Upper House, with its aim the protection of the rights of Britons living in EU member states. It demands that, before Brexit is triggered by the activating of Article 50, the UK must guarantee all rights of EEA nationals now in the UK as well as prioritising an early negotiated agreement preserving the rights of UK expats living in the EEA...
31 Jan at 6 PM 2017
Recently released research by the UK Office of National Statistics (ONS) shows the number of British citizens living in Europe has been overestimated.
A total of 890,000 Brits are at present living in other European Union member states as against a former estimate by the United Nations of around 1.2 million. At the same time, nationals from EU states living and working in Britain total 3,150,000. The figures from the ONS are taken from Eurostat data compiled from the 2010-2011 national censuses, and include expats resident across the...
18 Jan at 6 PM 2017
US expats in communities across the globe are unhappy about the US Treasury Department’s decision not to ease FATCA tax return reporting requirements by adopting same country exemption.
One of the most burdensome requirements for US expats living abroad
is the annual compulsory compliance with FATCA as regards their US tax liabilities. For a short time, expat hopes were based on the suggestion that Americans living overseas might be allowed exemptions through the IRS’s adopting of same country exemptions.