Expat Property Abroad News

Latest 10 news items tagged Property Abroad

21 Aug at 6 PM 2014

Best 10 low tax jurisdictions for wealthy expats

The rash of changes in international tax laws have caused difficulties for wealthy would-be expats, but the globe still holds a number of low-tax jurisdictions happy to accept large pension pots and savings. A recent investigation revealed the top ten most tax-friendly countries based on actual tax rates, lifestyles, political and economic security and tempting expat packages for the wealthy or comfortably off. Many are idyllic tropical paradises, and several have tax rates as low as zero. The Bahamas is an ever-popular refuge with...
15 Aug at 6 PM 2014

UK government plans capital gains charges on expats UK properties

More bad news for British expat investors came with reports that Chancellor George Osborne plans to charge capital gains tax on the sale of expat-owned UK properties. The new tax is supposedly aimed at wealthy foreigners investing in UK properties, but will hit hard on expat buy-to-let investors and those who keep a home in the UK. Over the last several years, UK property values have boomed, and overseas investors have not been liable to capital gains tax on sales. The official announcement of the tax change is expected to be made...
14 Aug at 6 PM 2014

Are UK expats giving up on La Dolce Vita

Since the heady days of the 1930s, Rome and Italy have been favourites for expats searching for history, beauty and fantastic food and wine. Living the dream in an Italian coastal resort or the wine regions of Tuscany has been the ambition of many Brits as they approach retirement age. Many have made the dream come true, but is it fading due to the effects of the 2008 financial crisis? Italy is now in its third recession since 2008, with its GDP falling, unemployment still on the rise and net trade sliding further into negative...
14 Aug at 6 PM 2014

How to save money as a Dubai expat

Even with Dubai’s high expat salaries and the country’s tax-free status, earning far more than back in the home country doesn’t necessarily equate with saving more. The younger the expat arrivals in Dubai are, the less they consider that the higher salaries they’re receiving have anything to do with saving a proportion for the proverbial rainy day. In fact, a few years’ stint in the wealthy city of Dubia can set the average expat professional up with a property deposit in the home country without having to trouble the Bank...
11 Aug at 6 PM 2014

Expat residents in Cyprus investigated for UK benefit fraud

Following the revelation that a large number of expats all over the world are cheating on UK welfare payments, investigations are now involving over 100 Brits in Cyprus It seems that UK expats living in the Mediterranean’s favourite lifestyle hubs are taking advantage of welfare benefits to which they are not entitled. According to the Department of Work and Pensions, benefit fraud is costing the UK some £82 million every year. The latest expat destination to be investigated is Cyprus, with 126 Britons now being asked...
1 Aug at 6 PM 2014

Retired expats in Asia warned to monitor currency fluctuations

Expat pensioners living in Asian destinations are enjoying far better exchange rates than they were a year ago, but is the trend set to continue? Britain’s strengthening recovery, rumours that the Bank of England is close to raising the base rate after its six years in the doldrums, and the European Central Bank’s growth policy have uplifted pension payments in Asia. However, expat pensioners are more at risk should a downtown occur than any other expatriate sector. The 2008 financial crash and its resulting global recession...
31 Jul at 6 PM 2014

New report warns of Dubai property bubble risk

Dubai’s latest residential review noted that rents rose by 20 per cent over the last 12 months and warned of another property bubble. The revelations in the latest Dubai property review are causing concern over yet another property bubble in the region. Apartment rents soared year-on-year by 21 per cent, dragging the average overall rent increase to 20 per cent. Those renting villas fared better with just a 10 per cent increase, but the impact of rent rises on Dubai’s cost of living is worrying for expats working in the city as...
30 Jul at 6 PM 2014

Pension Regulator warns of £5 billion pension unlocking scam

Crooks have conned pension savers out of a total of at least five billion sterling, according to an urgent warning issued by the UK Pensions Regulator. Experts warn the full amount may be far higher, as many thousands of vulnerable pension savers in the UK and overseas are continuing to fall victim to an ingenious variety of scams by unprincipled conmen. Cold calls, text messages, glossy UK-based websites, sales patter and the pushing of worthless investments are all part of the ammunition used to part pensioners from their savings....
29 Jul at 6 PM 2014

UK government inquiry told EU wide misselling redress needed

As complaints against the mis-selling of financial products soars across European states, a UK Parliamentary enquiry has been advised that an EU-wide mechanism for consumer redress is badly needed. Although EU law on consumer protection has been updated since the 2008 crash, redress for consumers with mis-sold financial products has remained the responsibility of separate member states. At the present time, the UK Financial Ombudsman is handling a massive number of claims relating to both banks and FA firms accused of ignoring due...
29 Jul at 6 PM 2014

UAE expat savings heading towards global property investments

It’s no secret that Western expats working in the UK are paid plenty enough to be able to invest for their futures, with many still favouring bricks and mortal via global property markets. Property as an asset class is regarded as a traditional and historically safe place to stash savings, offering good returns and little overall risk if the investment is carefully chosen. Whilst UAE government predictions of property price increases due to the upcoming EXPO 2020 may be shaky, investment in regenerated areas of Europe’s large...