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Update On The Spanish Local Tax “Plusvalía Municipal”

Real estate transfers in Spain can be subject to local Tax on the Increase in the Urban Land Value (“Impuesto sobre el Incremento de Valor de los Terrenos de Naturaleza Urbana” or “Plusvalía Municipal”). This mandatory municipal tax is levied on the increase disclosed in the value of urban land whenever urban land located in Spain is transferred. T ...

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Hong Kong Priciest For City Centre Apartments

The average price of a two-bed city centre apartment in Hong Kong is £1,280,000, more than 11 times as much as the US average (£111,000) and almost £1,000,000 more than in Europe (£131,000). This makes Hong Kong the priciest country in the world to purchase a city-centre apartment. This data comes from new research provided by personal finance comparison website finder.com London is the second mos ...

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Why Expat Tenants Need Home Insurance

Even before you moved to Hong Kong, you may have heard about the highly unaffordable rent in the city, which always ranks top among the world’s most expensive housing markets. This perennial problem has become so extreme that a resident needs to spend 19.4 years without any other expenditure in order to be able to afford a home, according to the latest Wallstreetcn report. As such, it is a norm fo ...

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Expatriates In Paris: Top Tips To Find A Home Quickly

Finding accommodation in Paris can be a long and complicated process. The administrative procedures are important and can take time and it’s even worse when you’re not native to France.  Many expatriates have to stay in a hotel with their friends or loved ones while they are looking for more permanent housing and so it is best to do whatever is necessary to find a suitable home as quic ...

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Buying Property In America

If you are thinking about buying property in America it is important to understand how the process works. The buying process in the USA follows a British model – more accurately a Scottish one – rather than a continental European model. This means it is cheaper than in most countries, typically adding less than 3% to the purchase price. One big difference to other countries is the Multiple Listing ...

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Falling Expat Mortgage Interest Rates Favour Expat Buyers

Offshoreonline report that when expat house buyers return in the busy summer buying period they will have a significant negotiating edge due to the recent falls in expat mortgage interest rates and the effect of a weak housing market in the UK. “The availability of lower expat mortgage rates, whilst at the same time, many regions in the UK are reporting softer domestic housing demand and falling p ...

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As Safe As Houses? The Problem of Property Fraud

HM Land Registry advise how to protect against property fraud in England and Wales when you live abroad. Property is usually the most valuable asset people own. It can be sold and mortgaged to raise money and can therefore be an attractive target for fraudsters. If you live abroad your property might be more at risk if it: is empty is rented out is mortgage-free isn’t registered with Land Registry ...

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Renting Abroad: How To Choose The Best Option

There are so many decisions to make and things to plan when you’re moving abroad, so we’re here to make at least one of those things easier for you – choosing somewhere to rent. It can be difficult enough renting in your own country, so throw different customs and languages into the mix and you’ve got a minefield to navigate. Written exclusively for Expat Network by Nestpick   Nestpick, a sea ...

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Purchasing Property In Spain – A Tax Guide

Are you thinking of purchasing property in Spain? Your tax situation will be different depending on whether or not you are considered to be tax resident in Spain. This technical article looks in some detail at the different taxes which may apply to you, depending on how your purchase is structured. This article was written exclusively for Expat Network by B LAW & TAX, International Tax & L ...

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Renting In France: 5 Things To Keep In Mind

Maybe it has always been your dream, the streets of Paris, the romantic vibes of the Côte d’Azur, its incredible wine and cheese delights, or anything edible really, maybe it’s just a case of a temporary work relocation to the land of love. Written exclusively for Expat Network by Nestpick   In France, locals queue up very early in the morning at their closest boulangerie after their morning ...

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