Friday Brexit Briefing: 5 Step Checklist To Review for Your Brexit
5 Step Checklist To Review for Your Brexit
EU Brexit for Expats is a weekly Friday blog for Expats Living and Working Abroad in the UK and in Europe who are affected by the changes in Europe.
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From ProACT Sam Orgill,
ProACT Partnership Expatriate Advice
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5 Step Checklist To Review for Your Brexit- EU Brexit for Working Expats
6% of 170,000 BRITISH retail workers are EU citizens.
Theresa May has confirmed their work and residential rights will be the same as BRITISH citizens after Brexit.
British Expats Living and Working Abroad in the EU will be hoping for a similar commitment from the EU.
Tuesday Tax: 3 Ways the Tax Man Receives Exchanged Information
Tuesday tax is a weekly briefing of tax news for people Living and Working Abroad from ProACT Partnership Tax Saving Expat Experts.
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Have you wondered why your banks, savings institutions and property lawyers are chasing you this last year to Update your ID, address and tax number ?
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Because of the internet.
Really. Information technology allows the tax man to exchange hugh amounts of Data with the countries it cooperates with.
They all cooperate apart from the extremes - North Korea anyone ?
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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
10 Things To Do for Expats to Protect Overseas Property Investment
Sam Orgill www.proactpartnership.com 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.
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Why is £-GBP so Low Against the Euro ? 4 Expat Actions to Save on Currency Exchange
The EU Brexit Vote has hit British Expats Living and Working in the EU hard. The day after the Brexit vote on 24/6/2016 Sterling started a currency fall that at the start of September 2017 sees the Pound trading at £1.07 to 1.00 Euro – a might fall of nearly 25% in 15 months.
This means UK Expats transferring there Pound sterling to Euro now get 3 apples not 4. The meal out in a Spanish or Cyprus restaurant is a meal for three with someone left at home.
The UK pension payment that converted to Euro 2000 in June 2016 now converts to 1500.
That has a dramatic effect on your spending plans. It’s one less trip back to the UK this year, the planned mini cruise postponed until another year.
Why is the £Pound so low against the Euro?
Read more to receive our free guide; 4 Expat Actions to Save on Currency Exchange
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:
PLAN YOUR EXPAT EXIT PLAN - 5 Things To Include
PLAN YOUR EXPAT EXIT PLAN - 5 Things To Include
Sam Orgill of www.proactpartnership.com gives
5 Things Expats Should include in Their Exit Strategy - when Living and Working Abroad Goes Wrong
What gets missed, in the excitement and enthusiasm of relocating overseas, achieving your dream of Living and Working Aboard, investing in overseas property and business, is an exit strategy.
We all get carried away with something new, something exciting, and can easily allow our common sense to be left on the beach while we go in search of promised new lands, home and work abroad. But what then? How do we get back home? What if the dream fails?
Here’s a check list of 5 things for expats to include in their exit strategy.
Countries UK Expats Get State Pension Indexing
ProACT are Expat Experts for people Living and Working Abroad
when Considering a retirement location there are many things to consider.
Contact-Us www.proactpartnership.com/contact-us
for a Free Review on any Expat Expert question.
UK state pensions retain indexing for Expats Living and Working Abroad in The following Countries.
REGISTER for Free Expat Expert Updates
Pension indexing 161101
The EEA countries are:
Bank Deposit Guarantees for Cyprus Banks
Have you ever wondered how safe your Cyprus Bank Deposits are ? Are you fearful of the 2013 Cyprus banking collapse and loss of investor deposits. ? If a bank fails how long before you get your money back.
Here's an outline of how Cyprus Bank deposits are covered. Note these are an EU standard and apply to other EU banks with minor local variations.
Safer Than a Bank
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Brexit Ends Political Union Not Global Trade & Tax Links
Brexit ends political union but not trade links. Many UK businesses are owned by overseas investors.
This slanted video does not bring up say Cadbury's or Liverpool FC owned by Americans
It doesn't highlight the Business Owned overseas by UK business. The Footsie 100 is filled with overseas invested Business.
EU Brexit for Expats - Cyprus Solution
EU Brexit for Expats contains many uncertainties. Expats are concerned to know with cettainty how they will be affected.
Come January 2017 EU Brexit is given momentum by the Trump factor as the new USA president shakes things up globally. The consensus politics of the world are being disrupted and new paradigms are being set.
Read More and Contact Us for Expat Tax, Overseas Property, Wills, Estates, Business