Expat Moving News

Latest 10 news items tagged Moving

28 Aug at 6 PM 2018

Oz expats lose capital gains tax exemption on house sales

The Australian government is preparing to debate changes to the capital gains exemption rule for expats selling their home country properties. Over 100,000 Australian expats living and working overseas will be hit by a ruling removing the exemption of capital gains tax on sales of their home country properties. If the ruling is accepted by lawmakers, experts believe it will lead to a rush to sell before the law is brought in. The change is expected to slow a trend whereby wealthy expatriates are buying into luxury properties due to a...
24 Aug at 6 PM 2018

Belgium admits failure to integrate new expat arrivals

Belgium’s traditional culture and its friendly but closed off mentality are two reasons why expats find integrating a challenge. Reports by leading Brussels lawmakers admit Belgium is less than straightforward as regards settling down for new expat arrivals, with a German think tank putting it bluntly by saying the country has failed to integrate its foreign residents due to its contradictory attitude towards incomers. Whilst the comments referred mostly to immigrants and refugees, a number of expatriates would agree that settling...
23 Aug at 6 PM 2018

Dubai debt laws leave elderly British expat in limbo

A homeless, debt-ridden British expat in Dubai is trapped in an impossible situation due to the emirate’s illogical laws. Hardly a month goes by without yet another instance in which Dubai’s inflexible laws have trapped yet another British expat and resulted in imprisonment and deportation, but the latest story defies Western concepts of common sense more than most. Given that the plight of the expat involved was caused by his own lack of ability to cope with his own expectations of Dubai, the situation he’s now in gives him no...
23 Aug at 6 PM 2018

Britishers still rushing for Spanish property despite Brexit

In spite of the looming Brexit threat – or perhaps because of it – disenchanted Britons are still rushing to buy property in Spain. Following a trend set at the time of the 2008 financial crash, would-be expats are still buying into Spanish properties with a view to leaving the UK before Brexit becomes an unpleasant reality. Before the sub-prime mortgage scandal struck, over 10,000 Spanish homes were purchased every six months, falling to between three and four thousand after the financial crisis hit home. The low continued till...
16 Aug at 6 PM 2018

How to get a quick sale for your home in Europe

If you’ve given up on any positive Brexit news for UK expats and need to sell your home in Europe prior to returning to Britain, showing your property at its best isn’t difficult. As March next year creeps closer with no sensible solution for UK expats anywhere in sight, for some the only way forward is to sell their property and relocate elsewhere, either to the home country or to another expat haven. If you’re in a hurry, three easy ways to maximise the viewing experience for potential buyers take little time and can be highly...
13 Aug at 6 PM 2018

Brexit negotiations still ignoring UK pensions passporting plight

Tens of thousands of retired British expats living in Europe could lose access to their pensions should a hard Brexit result. According to experts working in the financial service industry, the possibility of being denied access to regular private pension payments isn’t fake news as it’s perfectly possible. Director General of the Association of British Insurers trade body, Huw Evans has already warned British lawmakers about the illegality of paying pensions to expat policyholders living in the EU should a hard Brexit become a...
1 Aug at 6 PM 2018

Is offshore banking the best expat strategy

In spite of rumours about tax avoidance, offshore banking gives a number of advantages for expat professionals. The vast majority of expat professionals working overseas are paid in their local currency, with many having financial liabilities such as mortgages in the home country. Most are planning to either move elsewhere for work or retirement or even return home at some stage in their professional lives. For those concerned about banking security and ease of transferring money in various currencies, offshore banks are the sensible...
1 Aug at 6 PM 2018

Old style retirees versus new style expat career junkies

Traditionally, the British expat exodus has been focused on retirees heading south for a fun life in the sun, but the focus is shifting to a more pragmatic stance based on a temporary stay. In earlier times, the word ‘expat’ conjured up a vision of overweight Brit retirees in shorts, sandals and singlets lounging in deckchairs on a French or Spanish beach far from the UK’s drizzles and downpours. Nowadays, it’s far different, as the vision is far more likely to portray millennials in smart suits attending board meetings or...
18 Jul at 6 PM 2018

Brexit job losses may result in soaring emigration

Will Brexit see increased numbers of Brit moving overseas for work? As next March creeps closer and governmental chaos ramps up still further, an increasing number of industries are now planning their exit strategies. Sadly, the ‘green’ sector is one which is convinced leaving the UK is the only way forward in spite of the spectre of massive job losses for its UK workers. Should the worst happen, where in the world will the jobless decide to go? At the present time, the top three most popular destinations for expat job-seekers...
13 Jul at 6 PM 2018

New job new country new pension plan

If you’re switching jobs for more money and an expat lifestyle overseas, don’t ignore your pension pot. Next to property, a pension is possibly the most valuable asset the majority of people will have but, just like a home, it needs to be looked after. In the excitement of taking on a better job with a higher salary in a new overseas location, it’s not difficult to overlook the next move for your pension. If your new company has a pension scheme, checking its details against your present scheme’s benefits is a good start....