Posts tagged tax saving expat experts
6 Actions For Expats to Take on Cyprus Tax May June 2018

ProACT Sam updates the Changes to the Cyprus Online Tax Return  System


Having trouble with the changes to make Cyprus tax returns?

Do you want to do online returns but find nothing inline or joined up?

Here’s the latest news… Read More

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Deadlines for Tax Returns & Rebates for Expats in Cyprus and UK

Tuesday Tax Blog: This Week Deadlines for Tax returns & Rebates for Expats in Cyprus and UK

Cyprus Temporary Tax Returns & Payments are now due. 

UK tax returns and  rebates for tax paid in the UK in 2016/17 can now be reclaimed.  

Are you certain your tax affairs will stand the scrutiny of Exchange of information ?

ProACT Sam Orgill  has written a free guide for Expats to download explaining the new risks from the taxman, follow the link to download:

Assessing the Risk - How the Tax man Shares Your Information

Click to Read Full article  

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Save Probate Costs & Inheritance Tax with Cyprus Property Trust 9 Benefits of a Cyprus Property Family Trust

Do you ever wonder how your family would deal with your Overseas Property on Death? How your wife, husband, children would cope with the time, expense and development of settling your estate in your home country and overseas?

How would you tackle the UK probate and Inheritance tax assessment, a possible demand for 40% inheritance tax payable with 6 months of death?

A simple UK probate on average takes 9 months to settle. If you need probate overseas as well then that time is easily doubled. How would your family manage the overseas property? What is the expense of Probate lawyers overseas (10%) and offshore property agents (5%) and the time off work and travel to clear up your time living and working abroad?

We have created a free article on our website listing the 7 Benefits of a Cyprus Property Family Trust for expats owning overseas property in Cyprus and other countries.

We know from experience over 20 years that planning ahead to protect your Family overseas property assets from the cost and delay of Probate, Forced Sale and Inheritance Tax at a difficult time for your loved ones. 

ProACT can help you protect your family assets down the generations.

Remember, we offer a FREE no obligation Review.

7 Benefits of a Cyprus Property Family Trust

1.           The Trust Deed & Gift can be created

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10 Things To Do for Expats to Protect Overseas Property Investment

Sam Orgill  asks what do you want from the changes to Domicile from a Cyprus perspective. Change of Domicile Impacts Everything

In the Summer of 2015 Cyprus has introduced wide ranging changes in legislation that has a direct impact on the tax status of assets held by expats in Cyprus. 

Now every Expat must review their Wills, Inheritance Tax, Savings Taxes and Property Title Deeds: to bring their needs in line with the new legislation. 

Click Here Register for Free Services From ProACT Tax Saving Expat Experts

Contact Us Say Hello !!         ProACT Web Site 

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Precious Assets - Protect Them Will

Sam Orgill of ProACT Expatriate Advice discusses one of life's certainties and the Benefits of Making a Will

Inheritance tax is the last tax return you need to make and can be expensive. With planning taxes of 40% or more can be saved for the family. How do you do that?

What is included? Inheritance tax is charged on all the assets you own or have a share of. This can include; property in Cyprus, UK or worldwide; business value; savings and investment; pensions values; vehicles; and anything else of value in your legal possession at your death.

Your world wide assets are included. That is what you own in Cyprus and elsewhere. Crucially you are assessed for inheritance tax in each country you have assets in, plus the country... Read more. 

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EU Brexit for Expats: Exchange Rates Can go Down as Well as Up

Sam Orgill of ProACT Partnership considers the Exchange Rate Adjustment and implications of EU Brexit for Expats Living and Working Abroad

EU Brexit for Expats means the UK needs to stimulate the economy and the a lower exchange rates is the main tool at the UK government's disposal. Exchange Rates Can Go Down as Well as Up

If your Euro Overseas Property is valued in Euro and your Investments & Pension in GBP 50:50: then you are no worse off when exchange rates go up and down.

Lower Sterling Exchange Rates Means Change for Expats and a New approach:


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6 Reasons to Make a Will for Overseas Property Investment

What gets missed, in the excitement and enthusiasm of Overseas Property Investment is the exit strategy if something goes wrong. Over 20 years we have seen many examples where Family, Health, Business issues goes wrong or just change, leading to expense delay and taxes in order to sell an Overseas Property Investment and or Relocate back home.

Our deep understanding helps us guide Expats Living and Working Abroad, or investing in Overseas Property protect the Family Assets and help avoid cost, delay and tax when difficult times arise.


We have created a Free Article for you to Read and Share;- 6-reasons-to-make-a-will-for-overseas-property-investment

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3 Big Tax Savings for the Family of Overseas Property Investors

Have you ever had the experience in your family where someone died, or divorced, or remarried leading to a family dispute arose over Property.  Where someone within the family fears losing their share of an inheritance, or want to grab it, at the expense of the family membersintended or rightfully beneficiaries.

I have and it is so sad. The loved ones, and future generations, you tried to protect and secure, see their home and finacial security undermined with the family squabble. This is why we make a will or consider life time gifts to ensure your wishes are carried out.

EU Changes to Succession

Changes in European Laws of succession have thrown any plans made up in the air. Expats owning Overseas Property in an EU country could now be subject to forced heirship where only blood or married relatives can benefit - leading to confusion and disputes down the line.

Unmarried couples, children of second marriages, divorced partners, second marriage couples have now got to review there overseas property ownership or risk loss of assets and wealth when something changes.


Click to Read More below to Read the Full Article.  

We love to here your comments and feedback, please enter your comments at the end of the article blog. Thank you. 

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Currency Joy Exchange Rates Buoyed

Currency Joy Exchange Rates Buoyed

EU Brexit for Expats: 5 Benefits for Expats Living and Working Abroad As by the Weakening of the Euro

Sam Orgill of ProACT Partnership considers the Exchange Rate Adjustment and implications of EU Brexit for Expats Living and Working Abroad

Eurozone Economy Weakness

As the EU economic zone continues to stutter with structural banking an debt reforms the Euro hits a barrier as Italy emerges as the country of focus in world finance

An Italian Economy weighed down by bad debt that has not be reformed an updated.  The Italian referendum on their governments proposed reforms that have been rejected. This has weakened the Euro on the world markets.

Sterling has strengthened, Euro is Weaker:

 GBP£1 = Euro1.20 , USD $1 = Euro 0.95, Rouble RR 1 = Euro0.015

5 Benefits for Expats Living and Working Abroad


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5 Ways You Will Protect Your Pensions, Property, Investment Overseas


The EU changes to Succession mean Expats must make written changes to their Will to avoid forced heir-ship and retain financial control of their affairs on first death. Overseas Property Investors are most at risk with more than one country rules affecting inheritance and succession.

This can be done with a simple codicil or with an updated Will.  Our View is that a codicil is risky. A separate codicil document could be valid, but it increases the potential of being misplaced or not accepted or not being consistent with the Will.

Make a Full Review of Overseas Property Investment Pensions with the Expat Experts.


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