Expat South Africa News
Latest 10 news items tagged South Africa
15 Aug at 6 PM 2014
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...
12 Aug at 6 PM 2014
A Spanish entrepreneur’s money-making idea of a hotel dedicated to replicating the bestseller Fifty Shades of Grey has been shot down by the local mayor just before its opening night.
The brainchild of a Valencia businessman, the hotel was set to open a week ago in a small village just outside town in an area with a good number of expat residents. Due to include rooms with an S&M theme and even a dungeon, the risqué project, named Roissy Castle, was converted from an existing hotel, the L’Om del Llosar.
6 Aug at 6 PM 2014
The number of Britons living or visiting overseas who needed passport help during 2013 rose by around eight per cent, not taking into account the huge number of people affected by the massive passport processing backlog.
The passport backlog itself caused the worst crisis for the British passport office in decades, with hundreds of thousands of unfulfilled applications stacked in boxes awaiting processing. Waiting times of up to and over four months caused ruined holidays, missed family occasions and disrupted business trips....
15 Jul at 6 PM 2014
Skipton International, the offshore Channel Islands base of the well-known high street building society, is now offering expat mortgages on UK buy-to-let properties.
Including UK buy-to-let options in expat pension planning has traditionally been tricky for those requiring mortgages, but the recent rise in UK property prices has encouraged a few offshore banks to offer the service. Skipton is the latest to jump on board with its plan for UK citizens living and working overseas.
The scheme is available to native UK citizens only,...
17 Jun at 6 PM 2014
Bereaved home country families of expats dying overseas are being forced to pay for funerals or repatriation of their loved one due to health insurers’ confusing jargon.
The bodies of around 90 per cent of British citizens who die abroad are repatriated for funerals, with the total costs running up to £17,000. Even when travel or health insurance has been taken out, bereaved families are finding that unclear wording, exclusions and confusing small print in the policies is barring them from claiming.
Many insurance companies have...
11 Jun at 6 PM 2014
The controversial US FATCA tax-avoidance scheme, due to come into effect next month, will not only affect USA citizens, but also international customers of US banks.
According to FATCA rulings, all international customers of US banks and financial institutions, wherever they are in the world, must provide their personal and financial details to the US tax authority. No matter whether they have no connection to the US in any way, they must fill in Form W-8BEN to prove they are not liable to USA tax.
All customers of overseas...
6 Jun at 6 PM 2014
Retiring overseas has been the dream of many UK citizens, worked for and saved for over many years, but inflation in favourite destinations is now killing the reality for many.
Experts are reporting that buying a property overseas and living the good life in retirement is no longer possible for the average British couple due to rapid rises in the cost of living abroad. Specialist relocation companies are now branding expat life as a luxury rather than an affordable reward for a lifetime’s work.
The majority of favourite European...
29 May at 6 PM 2014
Filipino immigration chief Siegfried Mison has released details of his plan to create an enviably pleasant experience for all migrants and other visitors arriving at the country’s air and sea entry points.
According to Mison, friendlier, customer-oriented officials will greet new arrivals at airports and seaports with traditional Filipino hospitality. The new programme, Bi CARES is due to go live in June this year.
Mison explained to reporters that Bi CARES represents courtesy, accountability, responsibility, efficiency and...
21 May at 6 PM 2014
Literally thousands of experienced expat medical staff are being sought for Doha’s new, state-of-the-art medical centre for women and children.
Oil-rich Qatar’s brand new Sidra Medical and Research Centre complex is due to open early in 2015, and will offer ultra-modern heathcare for women and children. Built via an endowment from the Qatar Foundation, it’s expected to become the Middle Eastern hub for its speciality and is even equipped with ‘smart beds’ preventing patients from getting bedsores.
The complex will employ...
19 May at 6 PM 2014
A recent survey has shown that a majority of British expats working and living overseas take full advantage of modern technology to improve their work/life balance.
NatWest Bank’s Quality of Life survey included UK expats in a number of countries such as the USA, Hong Kong, Canada, the Antipodes, China, South Africa
and the UAE. Of those surveyed, 94 per cent confirmed that their workplace efficiency had been improved by recent technological advances.
Increased mobility in their working lives as a result of improved IT was...