UK

The list below is a collection of articles that refer to, mention or discuss UK.

Non Resident Landlord Scheme, NRLS

Non Resident Landlord Scheme

You don’t have to be a full time expat to fall under the tax rules of non resident landlord scheme. Although most people would take non-resident as a landlord living permanently outside the UK, the scheme follows a different logic. Strict rules decide how any income tax on property rental profits is paid, so getting … Read more

Categories Tax

Expat Men Ready To Jump On Plane Home If They Fall Ill

Man in hospital bed

Most expats are so worried about local health care standards in the countries where they are on assignment that they have emergency plans to go home if they fall seriously ill. New research found that 84% of expat men needed health care while living abroad, with 72% expressing concerns about standards and two-thirds ready to … Read more

Secret HMRC Unit Targets Wealthy Families

HMRC logo

A hush-hush tax probe is underway to stop wealthy investors avoiding inheritance tax with family investment companies. HM revenue & Customs set up a special unit to investigate family offices a year ago. The FICs are believed to manage more than £1 trillion in assets which are escaping IHT by exploiting legal loopholes. The main … Read more

Categories Tax

Pensions Overhaul Frees Doctors From Taper Trap

The National Health Service, NHS, Logo

Budget 2020 was big on spending but light on cutting taxes – but pension rules have changed for the highest earners. The tapered annual allowance for pensions has been a buffer stopping doctors working longer hours because their pay arrangements meant earning more put them at risk of tax penalties as much of the extra … Read more

£3m Aid For Brits In Europe Applying For Brexit Visas

u and eu flag

More than a million British expats in Europe can dip into a £3 million emergency fund set up  to protect their post-Brexit residency rights. Charities and other expat support groups in the European Union can access the money with Brits living in Spain, France, Germany, Cyprus and Italy likely to benefit the most. The UK Nationals … Read more

Operation Airlift Underway For Brits Stranded Abroad

The British government is working with partner airlines to bring thousands of stranded travellers back to the UK. Foreign Secretary Dominic Raab has set aside £75 million to help pay for the airlift involving British Airways, Virgin and EasyJet. He is also calling for international collaboration between government and airlines to get marooned travellers to … Read more

Support For Dropping Helicopter Cash Takes Off

The time for more governments to consider dropping helicopter money on households trapped in dire financial straits due to the coronavirus outbreak is with us, says financial experts. Central banks are running out of weapons and strategies to counter the bottom falling out of the world economy as the deadly illness threatens to hold nations … Read more

No Deal Brexit State Pension Bombshell For Expats

u and eu flag

The British government will safeguard state pension uplifts for expats in Europe for three years after Brexit – with future rises dependent on negotiating a new agreement. The hammer blow was meant to reassure state pensioners overseas, but has had the opposite effect. Around 222,000 British expats live in the European Economic Area (EEA), together … Read more

Claiming UK State Pension As An Expat

pension

Many expats rely on their state pension payments to make ends meet, but can Britain be relied on to top up the payments in line with inflation each year? Unfortunately, for many retired expats the answer is no unless they live in one of a few selected places that have a special agreement with Britain. … Read more