5 Must Do Actions to Review Your Money, Business and Property Overseas
5 Must Do Actions to Review Your Money, Business and Property Overseas
Have you had problems with banks closing account on you over the last year? Have you had to supply new name, address, ID and tax reference number proof to banks and investment companies? Are your rental agents getting restless about an overseas landlord registration number? Has a bank turned down a request to open a new bank account?
Many things have changed in the last year as Common Reporting Standards Allow tax offices to exchange financial information from banks, investments, pensions, lawyers, accountants, property transfers and businesses. This is opening up a new era of openness and disclosure.
Do your Overseas Bank, Pensions, Business, Property Rentals, meet the requirements of the tax man? Is all your income declared on a tax return in your country of residency? If not you could find your with tax investigations, penalties and interest or blocked and closed investments and savings.
5 Must Do Actions to Review Your Money, Business and Property Overseas
Heres 5 things all Expats Living and Working Abroad or investing overseas should do now
- Make sure you have a tax residence and make returns.
- Review your tax residency Is it the best for you, your family or business? .
- Accept you can’t be a nomad to stop bank accounts being frozen or closed.
- Review Expat locations that suit your investment, business and family needs.
- Is your home country the best place to make a return?
The taxman already are making enquiries to Expats Living and Working Abroad to confirm their tax affairs are in order.
We have written a detail guide to the new exchange of money information, as a
Free Download Click Here for 'How Banks and the Tax Man Share Your Financial Information'
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