The UK Tax Residence Test And Expatriates – Are You Sure You Have Escaped UK Taxation?
The UK statutory residence test determines whether or not individuals are resident in the UK for tax purposes. It can continue to impact British expatriates more than you realise, so it’s important to understand the rules and follow them carefully where necessary. Written by Jason Porter of Blevins Franks You may be settled in a...
Six Ways To Spring Clean And Better Manage Your Business Finances And Tax Admin
With the weather getting slightly warmer and the world outside starting to look much greener, spring has most definitely sprung. It’s the time of year when many of us decide to spring clean our homes, an end-of-winter custom that’s thousands of years old. Thorough spring cleaning can transform our living spaces, leaving us feeling revitalised,...
How To Claim A UK Tax Rebate When You’re An Expat Brit
So, you’ve finally done it. You’ve left the UK to go and live overseas, perhaps for a less stressful life in a sunnier place where you can experience the local culture, find new friends and enjoy your new home. How could life get any better? Well, suddenly finding out or remembering that you can claim...
Last chance for US expats to claim up to $3,200 in COVID stimulus checks
As a US expat, you’re exploring the advantages of life overseas. But there’s one opportunity you don’t want to miss – claiming your U.S. government COVID stimulus checks, otherwise known as Economic Impact Payments, which can amount to up to 3.200 US dollars. The final deadline of June 15, 2024, is fast approaching! This is not...
Top Reasons Why Americans Abroad Want To Renounce Their U.S. Citizenship
While the annual tax season can be stressful for filers, the burden is even greater for Americans overseas. About 9 million U.S. citizens live abroad, the U.S. Department of State estimates. Nearly a quarter of U.S. expats are “seriously considering” or “planning” to renounce U.S. citizenship according to 1040 Abroad. For those looking to renounce citizenship,...
Six 2023/24 Tax Year Changes You Should Know If You’re A UK Landlord
April 6, and that can mean only one thing – the start of the new UK tax year. It’s when most changes to UK tax rules come into force, which can be good or bad news for you and your rental income. It can also be the perfect time to make tax less of a...
Landlord Self Assessment Tips – How To Complete Your Tax Return
Many UK landlords, possibly you included, do their own annual Self Assessment tax returns, even though it’s a task that most dislike. It’s boring and it takes up precious time you would rather spend doing anything else. Here are our landlord self assessment tips. Article written by GoSimpleTax But you can save a few quid...
HMRC Crackdown On Airbnb Tax Evasion: How Could It Affect Some Hosts?
Airbnb’s success is truly amazing. The story began in 2007, when the first two Hosts welcomed three guests to their San Francisco home. Airbnb now has more than 4m Hosts worldwide who have welcomed more than 1.5bn guests in more than 220 countries. Article written by GoSimpleTax There are hundreds of thousands of active UK...
Busy Landlord? Here’s How To Complete Your Self Assessment Tax Return Quicker
Life can be busy when you’re a landlord. Leaving aside managing your property and tenants, many landlords must also cope with the demands of a job or running a business. Then there’s your own domestic and family responsibilities. The last thing you need hanging over you is a tax return to complete, but we’re steadily...
Navigating Freelance Income Reporting As A US Expat
The digital age has transformed the landscape of work, ushering in the era of the global freelancer. As professionals venture beyond borders, capitalizing on the ability to work from anywhere, many find themselves navigating the expat lifestyle. This global shift brings its own set of challenges, particularly in the realm of freelance income reporting. The...
Navigating the Complexities of US Expat Taxes: A Webinar Hosted by Expat Network and Greenback Expat Tax Services
Living abroad is an exciting adventure filled with new experiences, cultures, and opportunities. However, for US citizens, the complexities of expatriate taxation can often dampen the joy of this global journey. That’s why Expat Network, in collaboration with Greenback Expat Tax Services, is hosting a webinar titled “Navigating the Complexities of US Expat Taxes.” This...
Long Term UK Expats May Face Huge UK Tax Charges
UK expats who have lived abroad for many years often remain UK-domiciled and therefore liable to UK Inheritance Tax (IHT). The rate of this tax might be considered penal. It is currently 40% on the total value of the estate of a deceased after the exemptions. It is an additional tax payable on capital accumulated...