Expat Money News

Latest 10 news items tagged Money

24 May at 6 PM 2019

Retired Brit expat couple plan 900-mile charity fundraising trip by tractor

An intrepid pair of retired UK expats living in France are undertaking a charity drive back to the UK in a vintage tractor. John and Kathy Elliot, formerly residents of the historic Derbyshire hill town of Buxton, decided on the fundraiser after watching close friend Emma Getcliffe die of motor neuron disease just two years after her diagnosis. Before she died, John promised her he’d do the drive in her memory in order to raise money to aid research into the deadly disease. The condition affects the brain and nervous system, causing...
23 May at 6 PM 2019

Specialist buy to let lenders cracking down on tax avoidance

In a new move, lenders specialising in buy-to-let mortgages are now refusing loans to landlords suspected of tax avoidance. A leading property investment lender now fears beneficial interest mortgages may be in breach of HM Revenue and Customs’ rules on tax avoidance and are cracking down on landlords as a result. These specialist mortgages involve the transferring of a rental property’s legal ownership to a limited company whilst retaining full control of proceeds from sale and profits on rentals. Professionals in the sector are...
22 May at 6 PM 2019

Brit expats in France losing chance to vote again

Expats living in France are afraid their EU election postal votes won’t be counted. Due to the political instability all too common nowadays, interest in the EU MEP election amongst expats living overseas has received a boost, but many now fear their postal votes won’t count. The problem seems to have been due to a bad choice of postal service by councils looking to save money on the UK Royal Mail’s costs. BBC coverage of the issue uncovered that voting papers were being sent by the Adare postal service to British expats in...
16 May at 6 PM 2019

Saudi Green Card attracts expat compliments and criticism

Whilst Saudi Arabia’s launch of the Green Card-style visa is being welcomed, expats’ questions need answers. The new Privileged Iqama residency scheme, now colloquially known as the Green Card, has been welcomed by the majority of expats as it allows permanent residency, property ownership and investment opportunities. A number of expats believe the new visa will prove a major attraction for the brightest and best, but others see flaws in its design. For example, one young software technician believes qualifiying candidates should...
16 May at 6 PM 2019

Expats in Vietnam hit out at begpackers

Angry expats in Vietnam and across Southeast Asia are calling for action against the begpacking trend. The subject of begpackers is one which brings genuine expats across Southeast Asia together in anger, as it’s considered morally wrong that Western travellers should expect locals to pay for what seem to be no more than sightseeing trips taking in popular expat destinations. Asian cultures in general have a tradition of giving to those in need, but the sight of Westerners taking advantage of local generosity is offending...
15 May at 6 PM 2019

Reasons why VPNs are must-haves for expats

One important aspect of becoming an expat is to ensure your online security is in place. Moving overseas can be a chore, as there are so many aspects to consider in order to live a stress-free life in the new country of residence. Ensuring online security is often not considered an immediate priority but, for homesick new arrivals, a break in your service for whatever reason can prevent contact with friends and family back home. Logging on unprotected can also result in viruses, the hacking of bank details and passwords or...
15 May at 6 PM 2019

Scandal of NHS charges for British expat pensioners living overseas

British expats living across the world can be confused as to their entitlement to free NHS healthcare should they need to return to the UK. For British citizens who’ve decided to retire overseas after paying social security dues all their working lives, the use of the UK’s free NHS healthcare whilst living in another country as an expat has been controversial for some years. Up until recently, the law stating the NHS is a residence-based service was mostly ignored, especially for UK expats who’d returned to the UK specifically...
10 May at 6 PM 2019

Expat owners of UK property warned over inheritance taxes

As property prices in the UK continue to soar, expat Brit who own homes or buy-to-let investments back home are being warned about liability for inheritance taxes. During the last financial year, rising house prices have meant thousands more taxpayers have been dragged in the inheritance tax net, even although a good number had no idea they’d become liable. As a result, the British taxman was richer by a record haul of some £5.2 billion, and this amount is set to go on rising as property becomes ever more expensive. Last month,...
9 May at 6 PM 2019

Oz is all-time favourite for high net worth expats

Australia is migrating millionaires’ number one destination. If there was ever any doubt that the past several years saw more people deserting their countries of birth than ever before, the latest figures on millionaire migration prove it’s all about the money, one way or the other. High net worth individuals can go where they please, as can the top talents in tech and other 21st century sectors, with destination cities all resembling each other in the race to attract mega-wealthy incomers. Over the past year, 12,000 or so...
8 May at 6 PM 2019

Strange tale of Brit expat dispute with Thai landlady to end in deportation

A British expat involved in a rent dispute with his Phuket landlady is now to be deported for overstaying his visa. Briton David Maclean had locked himself in his ninth-floor Phuket condo in January as a result of a rent dispute with his landlady, initiated when he requested receipts for rents paid in order to present them to Thai immigration when he renewed his visa. He’d taken up the tenancy last October and claims he was prevented from paying for two months due to the landlady’s adult children refusing to give receipts for...