Introducing the Living and Working Abroad podcast.
We're very excited to introduce to you the Living & Working Abroad weekly podcast brought to you by ProACT Partnership Expatriate Advice.
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Sam Orgill www.proactpartnership.com asks what do you want from the changes to Domicile from a Cyprus perspective. Change of Domicile Impacts Everything
In the Summer of 2015 Cyprus has introduced wide ranging changes in legislation that has a direct impact on the tax status of assets held by expats in Cyprus.
Now every Expat must review their Wills, Inheritance Tax, Savings Taxes and Property Title Deeds: to bring their needs in line with the new legislation.
Click Here Register for Free Services From ProACT Tax Saving Expat Experts
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Sam Orgill of ProACT Partnership considers the Exchange Rate Adjustment and implications of EU Brexit for Expats Living and Working Abroad
EU Brexit for Expats means the UK needs to stimulate the economy and the a lower exchange rates is the main tool at the UK government's disposal. Exchange Rates Can Go Down as Well as Up
If your Euro Overseas Property is valued in Euro and your Investments & Pension in GBP 50:50: then you are no worse off when exchange rates go up and down.
Lower Sterling Exchange Rates Means Change for Expats and a New approach:
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Currency Joy Exchange Rates Buoyed
EU Brexit for Expats: 5 Benefits for Expats Living and Working Abroad As by the Weakening of the Euro
Sam Orgill of ProACT Partnership considers the Exchange Rate Adjustment and implications of EU Brexit for Expats Living and Working Abroad
Eurozone Economy Weakness
As the EU economic zone continues to stutter with structural banking an debt reforms the Euro hits a barrier as Italy emerges as the country of focus in world finance
An Italian Economy weighed down by bad debt that has not be reformed an updated. The Italian referendum on their governments proposed reforms that have been rejected. This has weakened the Euro on the world markets.
Sterling has strengthened, Euro is Weaker:
GBP£1 = Euro1.20 , USD $1 = Euro 0.95, Rouble RR 1 = Euro0.015
5 Benefits for Expats Living and Working Abroad
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5 Ways to Save Inheritance Tax on Overseas Property Investment - Works for Capital Gains Tax Too !!
ProACT Sam Orgill www.proactpartnership.com Gives you 5 ways to Save Inheritance Tax or Capital Gains Tax being paid on your Overseas Property Investment.
The time to protect your overseas property investment for tax savings is before your need to let it go. Whether you sell, give away or die there are potential inheritance or Capital Gains Taxes. If your Business gets in trouble you can ring fence your overseas property investment from creditors. You may lose your health and need long term care, again personal assets can be drained to pay medical or nursing home care fees.
CLICK HERE to Read the Full Article 5-ways-to-save-inheritance-tax-on-overseas-property-investment-works-for-capital-gains-tax-too
Whatever the reason to move on and the transfer of the overseas property investment (or business) there is a potential tax liability. Capital Gains and Inheritance Tax Savings of up to 40% can be achieved if you plan ahead and organise your assets in a tax efficient manner. By looking forward, planning ahead you can save thousands in tax when selling overseas property.
CLICK HERE to Read the Full Article 5-ways-to-save-inheritance-tax-on-overseas-property-investment-works-for-capital-gains-tax-too
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Plan Ahead
Sam Orgill of www.proactpartnership.com gives
5 Things for Expats to Prepare In Case Living and Working Abroad Goes Wrong
What gets missed, in the excitement and enthusiasm of relocating overseas and achieving your dream of Living and Working Aboard, is the exit strategy. Of course the property purchase has to be completed quickly before it is ‘sold to the other buyer’. You can sort the details of finances while on the beach sipping cocktails, right?
EU Brexit for Expats could impact in this areas with forced heirship and taxes invalidating existing arrangements.
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EU Brexit - 16 Countries Outside the EU where Pension Inflation Indexing Remains
All EU Countries have reciprocal agreements for inflation indexing pensions for Expats living and working abroad.
Where will you choose to live in retirement and receive inflation proofing on your pension?
CLICK HERE TO REGISTER & RECEIVE PENSION INDEXATION REPORT
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Expats Living and Retired Abroad can receive indexed UK state pensions if they live in a country with a reciprocal agreement for pension indexation. That includes all the EU Countries, so with EU Brexit - what happens to Expats Receiving UK State Pensions?
Whatever the manner of UK Brexit from the EU, Overseas Tax on Pensions paid offshore will continue to be determined by the relevant double taxation treaty - for better or worse.
CLICK HERE TO REGISTER & RECEIVE PENSION INDEXATION REPORT
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New Pension Freedom Rules allow Expats to Draw the whole of their UK based pension fund and pay tax in their country of overseas tax residence. This offers potentially large tax savings for Expat Business and Retired people Living and Working Abroad.
You don't have to retire to free your pension, even if living and working abroad, you can still reclaim the pension once you are over 55.
In the UK any Pension fund over £43,000 could generate a UK tax bill of 40% (£17,200)
The freed pension funds can then be invested in any way, cash investments, family business, overseas property, family education, repay loans, enjoy retirement.
ProACT can help free your Pension and reclaim big tax savings up to 40%.
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