Posts Tagged ‘expats’
When someone is moving abroad to lower their taxes, there are a few European countries that they often look to. The obvious choices are the Isle of Man, the Channel Islands, Andorra or Monaco. Monaco has zero income tax, but while the lifestyle might be glamorous and the weather far better than the Isle of […]
At the end of October a 15 percent tax on property bought by foreigners became valid in Hong Kong. The implementation aims to cool down the strongly overheated property market and it may be followed by further steps. For almost twenty years Hong Kong has been considered the world’s freest economy with the fewest regulations. […]
Expatriates have a lot to think about financially both before and after they move. According to Aidan Bailey of The Fry Group, there are three top mistakes expats commonly make. 1. Not being open with the tax authority – In Britain you need to inform the HMRC of your non- UK status. Fill in a […]
The UK tax office has set up an investigative task-force to track down expats who haven’t declared overseas property. The team will “mine” publicly available online information to discover people who own land or houses abroad. The UK tax authority (HMRC) has put together a team of 200 investigators. Their first task will be in […]
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