ProACT Sam Orgill reviews the Residency Status of Expats in view of EU Brexit

Following the Step 1 agreement between the UK and EU due to be ratified by the 27 Remaining EU States on 15/12/17 this Newsletter considers ‘What Does Residency Mean for Expats?’

There are three types of residency to consider. This article looks at where and how you can live abroad. In our following articles we will look at where you work and then residency rules around where you are from.

5 Options for Expats Residency Status Living and Working Abroad

Sam Orgill of ProACT Expatriate Advice considers what we know so far and recent developments in Brexit and the 4 areas of impact Expats should consider and review to protect Residency Rights, Tax on Income, securing Overseas Property, Medical Cover post Brexit.

Find out more at our website www.proactpartnership.com

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Sam Orgill of ProACT Expatriate Advice considers what we know so far and recent developments in Brexit and the 4 areas of impact Expats should consider and review to protect Residency Rights, Tax on Income, securing Overseas Property, Medical Cover post Brexit.

Torpedoed

The British government find itself vetoed out of a financial settlement on EU Brexit not by one of the 27 remaining EU states, but by a King in the North, the leader of the Northern Ireland ‘government’ effectively vetoed the Financial Settlement to which the EU member states had agreed in principle.

Instead of announcing the way forward for trade talks this week, the British government is left scrambling for a 3rd way to EU Brexit.

In the EU game of thrones the king makers will continue to seek a 3rd way. The final agreement will be similar to the current proposal, if we get that far.

FREE REVIEW

ProACT Expat Experts know from experience over 20 years how to protect your Family and Business overseas including property, pension, investment and business assets.

ProACT Tax Saving Expat Experts can help each step of the way Living and Working Abroad.

Now we want to hear from you. What are your EU Brexit Questions? Comment on our Blog or Contact-Us

You could Contact Us for a Free Review Online or in our Cyprus Office.

www.proactpartnership.com/contact-us

Sam Orgill

ProACT Partnership - Tax Saving Expat Experts

www.proactpartnership.com        info@proactpartnership.com 

TEL: +357 26 819 424 

Read More from our blogs:

40% Inheritance Tax on Overseas Property

http://proactpartnership.com/blog/automatic-inheritance-tax-on-property-business-and-probatefor-expats

Today Wednesday 22/11/17 at 12:30pm is the UK Budget for Brexit.

8 Reason to Use Wills and Trusts to Protect Overseas Assets

ProACT Sam Orgill www.proactpartnership.com  .

Automatic Exchange of Information Impacts Everything

The EU introduced new laws for dealing with Estates. Cyprus like other EU countries introduced wide ranging changes in legislation that has a direct impact on the tax status of assets held by Expats overseas.

This allows the possibility for the home country to find out about the overseas business, property and investment assets.  This could add a 40% inheritance tax bill to an estate.

Read the Full Article for More detail and 8 Reason to Use Wills and Trusts to Protect Overseas Assets

TUESDAY TAX BLOG; ProACT Sam Orgill at Changes to Tax Laws that means there are 3 Reasons to Review Expat Tax & Pensions

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Living With a Paradise Paper

If you are Living and Working Abroad in Paradise there may be a piece of paper on its way to you.

Big changes to Tax and Pension for Expats means the Tax Man in your home country and your country of residence may be sending you a letter or a tax demand in the next few months.

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  

Monday Money Blog Examines the potential impact of a Rise in UK Interest Rates before the November 2017 Budget, and

Reveals 6 Benefits for Expats from Higher UK Exchange Rates v Euro

ProACT Sam Orgill Tax Saving Expat Experts

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 fell sharply from £1=Euro1.30 so by the end of October 2017 the Pound is trading at £1.00 = Euro 1.13 , a mighty fall of nearly 15% in 16 months.

This affects how many Euros to spend have UK expats living in euro land, or the £ Sterling back taken home after the sale of Euro-land overseas property. Here we look and the background and reveal:- 

6 Benefits for Expats from Higher UK Exchange Rates v Euro

EU Brexit for Expats - 5 Things to Plan for the UK Budget Tax Changes

ProACT Sam Orgill of www.proactpartnership.com Tax Saving Expat Experts

Everything’s the same in the UK. Same Chancellor, same prime minister, same tax year. 

Then everything is different – the UK Budget date has been changed, from Spring to Autumn, (March to November), the UK government has lost its majority, the EU have turned up the heat on EU Brexit, politicians are feeling the heat from the opposition and unions, inflation is rising, people are being squeezed financially.

Click Here to Read 5 Things to plan for EU Brexit for Expats connected to the UK Budget and tax changes ahead.

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.  ProACT Sam has produce a Free Guide and we office a Free review for Expats Living and Working Abroad or Overseas Property and Business Investors.

Free Download Click Here for 'How Banks and the Tax Man Share Your Financial Information'

We offer a Free Review Online or at our UK or Cyprus Office - Click Here Contact Us to Book

Tuesday Tax: Tax Won’t Change With Brexit UK-Cyprus

5 Top Low Tax Options for Expats Living and Working Abroad

The UK and Cyprus have had a personal and business double taxation treaty since 1974. This will not change after Brexit nor impact on personal or business tax arrangements. Double taxation treaties exist with countries as diverse as Albania and Algeria to Zambia and Vietnam.