Expat Working Abroad News

Latest 10 news items tagged Working Abroad

20 Apr at 6 PM 2019

Brit expat earnings overseas attract HMRC attention

British expats with offshore investments and bank accounts need to ensure HMRC is aware of them. All financial advisors who’ve referred clients to offshore advice, offshore services or an overseas financial institution are required to inform HM Revenue and Customs before the end of this month. Also, all IFAs who’ve pointed expat clients towards offshore services or advice since the year 2015 must warn them the UK taxman now has new powers to investigate information concerning overseas investments and cash. According to the...
15 Apr at 6 PM 2019

Planning your financial needs after expatriation

Managing money as an expat can be totally different than the same task back in the home country. More than ever before, emigration is now the goal of professionals looking to catapult their careers into the top echelon with financial benefits to match. In addition, digital nomads are indulging their dream of travelling the world, using their online expertise to pay the bills as they go. Even retirees are now choosing far-flung destinations with cheaper costs of living and far better weather than at home. All three expat categories...
11 Apr at 6 PM 2019

British expat pensioners in Europe need relief from sterling devaluation

One of the worst aspects of Brexit for British expats living in the EU is the devaluation of sterling. Expatriate Brits living on the measly UK state pension in European Union member states haven’t just had to deal with the fear and uncertainty of losing their chosen lifestyles due to Brexit, they’ve also had to scrimp even more due to the referendum’s effect on sterling’s value against the euro. Europe’s forcing Theresa May to accept a longer delay may cause a relief rally for the pound, but how long this will continue is...
8 Mar at 6 PM 2019

South African high-salary expats furious over proposed new tax law

In spite of its condemnation by several panels of experts, the South African government is determined to go ahead with its controversial new expat tax laws. As the rules stand today, South African nationals working overseas for over 183 days – 60 of which must be consecutive – ar exempted from paying home country taxes on their earnings. Once the new amendment are enacted, South African expat professionals in high-salaried positions overseas must pay home country taxes of up to 45 per cent of their earnings once they exceed 1...
20 Feb at 6 PM 2019

Upscale London property now a magnet for international investors

Foreigners and expats are queuing to buy luxury London properties, helped along by innovative mortgage products. According to a report from an upscale London-based real estate agency, over 50 per cent of the prime properties sold between July and December last year were snapped up by overseas-based buyers. Foreign investors are taking full advantage of the weakened pound sterling, keeping business booming for high-end realtors. In real terms, a luxury home costing one million sterling in 2016 now costs £124,000 less due to currency...
18 Feb at 6 PM 2019

New Oz property capital gains tax law forces rushed sales of prestige Sydney homes

Expat and foreigner home owners of prestige properties are rushing to get them sold before Oz’s new tax exemption laws kick in. Expatriate and foreign owners of a selection of Sydney’s most upscale real estate are besieging property agents with demands their homes must be sold before June 30 this year, the date on which they will no longer be able to claim capital gains tax exemption on capital appreciation. The new law covers both Australian nationals living and working overseas and expats from other nationalities who’ve bought...
28 Jan at 6 PM 2019

British GPs choosing expat life over NHS

Britain is now worse off for qualified general practitioners than Estonia, Romania and Malta. In the past five years, over 1,000 GPs have left the UK, with many deciding to practice overseas as expats. Shortages of general practitioners in the UK have been made even worse by a report which revealed 40 per cent have left the NHS for private practice. The shocking figures are taken from official statistics in which the UK was rated 16th out of 21 world countries for GP coverage. The statistics showed an average of 76 GPs for every...
24 Dec at 6 PM 2018

British expats in Spain caught by investment scammers

The latest financial scam perpetrated on expats living in Spain is estimated to have lost the victims millions of euros. The scam, run by Palma-based GWD Forestry and involving investment in so-called agro-plantations, is the latest of its type to trap unwary expatriates living and working overseas. So far, some 40 victims have registered with UK-based legal and law enforcement consultants Carlton Huxley, with the total amount invested believed to be around €3.5 million. GWD Forestry is being accused of the mismanagement of...
24 Dec at 6 PM 2018

Irish expats reluctant to return home due to high taxes and poor health service

Irish expats are uncertain about repatriation due to high taxes and a failing health service. Following an appeal from the Irish government urging expats to return home and fill the skills shortage, Irish professionals working abroad are listing the reasons why they’d rather stay overseas. Key barriers include Ireland’s high levels of income tax and lack of necessary investment in its healthcare services, with the shortage of suitable housing and the Republic’s ageing infrastructure also mentioned. The comments were made as...
14 Dec at 6 PM 2018

Dubai-based expatriate eco-warrior lives life without plastic

Expat eco-warrior Nila lives in Dubai and is getting by very well without using plastic or any of its derivatives. Nila is committed to proving plastic isn’t necessary for life a we know it, and she’s a magnificent example of the way to lead a totally sustainable lifestyle in the midst of Dubai’s luxurious ambience. As a child living in Africa, she was taught by her Peace Corps father never to waste anything and to always respect the environment, and she sticks by her convictions to this day. She told the media she’d been...