EU Brexit - Living Abroad With Currency Ups and Downs
Sam ORGILL of ProACT Partnership goes with the flow - Living Abroad With Currency Ups and Downs
If you must change currency today you could lose out. So take a long term view. If you are an Expat and have assets in different currencies then take a balanced view.
I will use GBP and EURO to compare on this article.
BALANCED CURRENCY RISK
Most expats living and working abroad have overseas property, savings, pensions and maybe business or loans.
What is the total value? Of Income and of Capital ? What proportion is in the home currency and foreign currency?
EU Brexit for Expats: House of Cards?
Sam Orgill of ProACT Partnership considers the background and implications of EU Brexit for Expats Living and Working Abroad
The Clash wondered ‘Should I Stay or Should I Go?’ Indicating a level of indecision with narrow margins. The Jam successors Style Council replied with ‘You don’t have to sit back… you can actually try changin’ it an Walls will come tumbling down’. This was the 70’s angst of the UK as they agonisingly choose to be led into the ECC as it was then.
2016 - Fast forward to 2016 and Great Britain votes 52% to leave – an 18% swing. The EU walls come tumbling down, along with political careers, jobs and lifestyles. What went wrong with the relationship between the British and their European Cousins?
UK Tax Free Savings Secured for Expats
Sam Orgill of ProACT Partnership discusses how Expats can get UK Tax Free Savings in a secured financial environment
Interest from Banks and Bonds
From April 2016 a £5000 tax saving income allowance exists in the UK. This saves £1000 tax. Yes you can earn £5000 in interest tax free.
Also the UK no longer charge tax on bank interest at source, from 2016 you will have to declare and pay tax on saving in a UK tax return or your country of tax residence.
Tax Saving Tip: Build up savings for UK interest free of UK at source and Cyprus Tax
Cyprus Cuts Tax on Savings for Expats
TAX on SAVINGS & INVESTMENT FOR EXPATS
Expat Savers can make more tax savings following changes in Cyprus Taxes for Expats. Pay just 0% on saving and investment income. Suddenly Cyprus becomes a world class tax residence for expats living working and investing abroad in Cyprus.
Cyprus Cuts Tax on Savings for Expats
EU Succession Laws Must be Addressed in Writing to Protect Family Property
Sam Orgill of ProACT Partnership with Inheritance Tax Saving Tips for Overseas Property Ownership in UK and Cyprus
New EU Succession laws enforce radical change for Expats living and working abroad in the EU, or with assets in these countries. While the UK, Denmark and Ireland have opted out of applying the EU Directive it still affects EU expats with tax residence or domicile in the EU. This means written changes must be made to ensure your wife, partner, children or beneficiaries benefit as intended.
Review and change the way you organise and plan your Family inheritance, business and overseas property investment assets in UK, Cyprus and EU?
Changes to Cyprus Succession Laws Affect Inheritance Tax for Expats Property
Changes to Cyprus Succession Laws Affect Inheritance Tax for Expats Property
Sam Orgill of ProACT Partnership with Tax Saving Tips for Property Ownership
New EU Succession laws enforce radical change for Expats living and working abroad in the EU, or with assets in these countries. While the UK and Ireland have opted out of applying the EU Directive it still affects EU expats with tax residence or domicile in the EU. This means changes to the way you organise and plan your Family inheritance, business and overseas property investment assets and income?
Changes Keep Coming
The changes mean that you must settle your world-wide estate in the country you habitually ‘live’. This could be different to the country of your tax residence AND the country of your tax domicile (‘where you are from’)
Spring Changes 2016 - Tax Saving in Cyprus & UK for Expats
Sam Orgill of ProACT Partnership with Tax Saving Tips March Budget to Pensions Property & Investment 1/3/16
Spring is here and along with it a new broom brings more tax changes and tax saving opportunities for Expats. The UK has the annual tax budget on March 16th, while Cyprus has introduced more changes to Permanent Residency Rules for Cyprus Property Owners. Meanwhile Property Transfer Tax remains discounted for 2016 offer large tax saving for expats with Cyprus property contracts of sale – but no title deeds yet.
Spring Changes - Tax Saving in Cyprus & UK for Expats
Sam Orgill of ProACT Partnership with Tax Saving Tips ARISING from the Budget Affecting Pensions Property & Investment for EXPATS
Spring is here and along with it a new broom brings more tax changes and tax saving opportunities for Expats. Changes have come from the UK e annual tax budget , while Cyprus has introduced more changes to Permanent Residency Rules for Cyprus Property Owners.
Meanwhile Property Transfer Tax remains discounted for 2016 offer large tax saving for expats with Cyprus property contracts of sale – but no title deeds yet.
Savings Taxes Removed in Cyprus for Expats
Tax Saving as Defence Tax Removed for Non Dom Expat in Cyprus
Happy New Year - Defence Savings Taxes are reduced from 30% to 0% for Expats Living and Working Abroad in Cyprus who qualify for the new 'non-dom' tax status for Expats.
Defence levy Savings taxes are now 0% for all non-domiciled Expat Cyprus investors and tax residents for savings, dividends, investments, property rental income and investments.
Free Review – Inheritance & Saving Taxes
ProACT offer a Free Review of your family situation. Expats must make written changes of your Will if you want to use the succession rules of your home country. But consider the impact on inheritance tax at 40% in the UK or other countries. Consider who you want to benefit in your Will, is this possible with your arrangements?
How do you need to change your savings and investments to save tax on defence levy for bank interest, dividends, property rental?