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In addition to the latest headlines on tax changes and developments, the Money International tax writers are also providing the tips, deadlines and scams you need to know to make the most of your finances.

News includes information on the latest FACTA developments from the USA, HMRC from England, and other updates from leading financial centers.

We’ll also keep you informed on sanctions and developments taking place within smaller countries – so you can understand the nuances which shape the tax landscape.

In essence, we provide you with the breaking tax news you need to understand how to protect and grow your wealth – wherever you are in the world.

Updates and analysis on the latest tax news, including economic advancements, FATCA and HMRC developments and general international tax information. Including the best methods of tax efficient saving and earning, and any important changes to legislation.

The start of the new tax year in the signalled some big changes for expat property investors – and more may follow soon. The long-awaited controversial axing of mortgage interest tax relief for higher rate payers is the major rule change to afflict landlords. Not only are hundreds of thousands of...
The UK tax man is calling on expat married couples to stop filing capital gains tax return when they switch shares in properties they own. HM Revenue and Customs (HMRC) is concerned married couples do not understand the CGT rules for non-residents and are wrongly filing tax returns. The rules for...
Legal experts are warning the over 55s to watch out for tax traps that could ruin their plans to leave their homes to loved ones. From April, a new family home allowance lets married couples pass homes worth up to £350,000 to direct descendants without paying inheritance tax on their...
A lawyer’s long tale of bad luck failed to win him a legal challenge against penalties for investing in film partnership tax avoidance scheme. Solicitor Joginder Nijjar’s tale of woe started in 2008 when he filed a self-assessment tax return that was investigated by HM Revenue and Customs. In the same...
The filing deadline for UK self-assessment is ticking away – but it’s not too late to avoid a fine if your paperwork is not ready. A work round exploited by accountants can easily stop HM Revenue and Customs (HMRC) charging a £100 automatic penalty and give late filers some breathing...
A tax row has kicked off about millions of pounds English Premier League footballers and managers earn as image rights. Image rights are payments for advertising and endorsements paid to the players and managers for lending their name to promote a product or service. The money comes from activities such as...
Many over 55s have more than enough cash from their savings and investments without having to touch the money banked in their Qualifying Recognised Overseas Pension Scheme (QROPS). The question for these savers is how to pass unspent money in a pension pot on to their families and loved ones. Whether...
Culture vultures who invest in art not only have the enjoyment of their collections but a valuable tax offset gracing their homes. Depending on the pre-eminence of the work of art, paintings, sculpture and other works can reduce inheritance tax in the UK. Taking the recent auction of rock star David...
What do you give someone who is so wealthy that they are one of the top earners in Britain? Their own personal HM Revenue and Customs (HMRC) official to personally look after their taxes of course. HMRC has admitted the ultimate status symbol for Britain’s 6,500 richest individuals is a tax...
The United Arab Emirates has shunned calls from the International Monetary Fund to introduce income tax. The Middle East state has an economy heavily reliant on exporting oil and gas, but price falls over the past two years have seen the wealth drain away. To combat the decline in revenue, the...
USA Passport
Record numbers of taxpayers are giving up their US passports – but no one is sure why or even if they are Americans or why they are leaving the country. In the three months to September 2016, 1,380 taxpayers renounced US citizenship, says the US Treasury. All their names were provided...
American expats are waiting with bated breath to see if President-elect Donald Trump will repeal the disliked Foreign Account Tax Compliance Act (FATCA). FATCA was the brainchild of outgoing President Barack Obama and introduced to help the Internal Revenue Service (IRS) track down suspected tax cheats with secret money and...

Tax Money Wasted On Blunders

Tax authorities are spending millions on unnecessary technology and training while accused of cutting jobs and customer services to the bone. Just this week, the Internal Revenue Service (IRS) in the United States and HM Revenue and Customs (HMRC) in Britain have faced criticism for slack spending. In the US, the...
Expats who have money or assets outside Britain can expect to start receiving letters from the UK tax man soon. Hundreds of thousands of letters are being drafted for expats who have returned to the country after spells abroad and for expats considered UK taxpayers who have had overseas assignments. The...
Duty free shops are not the cheap havens for buying booze, perfume and trinkets that they are cracked up to be for many expats. Although at least one in three travellers browse the aisles in duty free shops, in many cases the prices are not the bargains they seem to...