EU Brexit - Living Abroad With Currency Ups and Downs
Sam ORGILL of ProACT Partnership goes with the flow - Living Abroad With Currency Ups and Downs
If you must change currency today you could lose out. So take a long term view. If you are an Expat and have assets in different currencies then take a balanced view.
I will use GBP and EURO to compare on this article.
BALANCED CURRENCY RISK
Most expats living and working abroad have overseas property, savings, pensions and maybe business or loans.
What is the total value? Of Income and of Capital ? What proportion is in the home currency and foreign currency?
Stay Calm Exchange Rates : EU Brexit for Expats
Stay Calm and Carry On Exchanging Currency
Forget the headlines. Exchange rates go up and down but on average they don't change much.
Do not let the headlines scare you. A headline exchange rate GBP : EURO of 1.20 exchange rate is in line with exchange rates between 2012 / 13 / 14.
This rate is better than 2009 / 10 / 11.
EU Brexit for Expats - No Change Today Though the Love Has gone Away
Sam Orgill ProACT PArtnership Expatriate Advice on What is the Same Today
If we look back 100 years, the Austro-Hungarian Empire still existed, and a Tsar was Empire of Russia. Before 1908 you got on your horse, there were no motor cars for the masses, this modern necessity only arrived with the Ford model T introduced that year. Powered flight started in this period. Freedom of movement meant that people were no longer tied to live and work within walking distance. Much has changed over the last 100 years in security, trade, lifestyle and politics. We are still here, and better off.
The rules will change for the UK and EU whether Brexit Lite or Brexit Full emerges in the coming years. What we know today is:
1. Nothing changes today for Expats Living and Working Abroad – in the UK or in the EU.
2. UK is legally bound within the EU law, these will protect the rights of expats
3. Change is inevitable for EU Expats whatever happens.
EU Brexit for Expats: Walls Come Tumbling Down
Sam Orgill of ProACT Partnership considers the background and implications of EU Brexit for Expats Living and Working Abroad
The Clash wondered ‘Should I Stay or Should I Go?’ Indicating a level of indecision with narrow margins. The Jam successors Style Council replied with ‘You don’t have to sit back… you can actually try changin’ it an Walls will come tumbling down’. This was the 70’s angst of the UK as they agonisingly choose to be led into the ECC as it was then.
2016 - Fast forward to 2016 and Great Britain votes 52% to leave – an 18% swing. The EU walls come tumbling down, along with political careers, jobs and lifestyles. What went wrong with the relationship between the British and their European Cousins?
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EU Brexit for Expats: House of Cards?
Sam Orgill of ProACT Partnership considers the background and implications of EU Brexit for Expats Living and Working Abroad
The Clash wondered ‘Should I Stay or Should I Go?’ Indicating a level of indecision with narrow margins. The Jam successors Style Council replied with ‘You don’t have to sit back… you can actually try changin’ it an Walls will come tumbling down’. This was the 70’s angst of the UK as they agonisingly choose to be led into the ECC as it was then.
2016 - Fast forward to 2016 and Great Britain votes 52% to leave – an 18% swing. The EU walls come tumbling down, along with political careers, jobs and lifestyles. What went wrong with the relationship between the British and their European Cousins?
EU Brexit for Expats: House of Cards?
The EU Referendum Vote to leave means big changes for the UK and the EU.
Today 2 years of negotiations could start for the UK to leave the EU.
ProACT Partnership Expat Experts will launch a series of email Newsletters Starting Monday 27/6/16 to highlight latest developments and implications for Expats Living and Working Abroad or investing in overseas property.
The Buyer is Right to Title Deeds
The Buyer is Right
The buyer now has the legal right to request the Land Registry in Cyprus to issue title deeds to the owner of a contract of sale, if they can prove they have paid the seller the monies due under the contract. The land registry will make checks but the only tax to pay after the issue of consent to title deeds is to pay municipal and immovable property taxes for 14-15-16.
Any taxes the vendor did not pay after the date of contract to 2013 remain with the seller. They are the taxes of the title deed holder. The price they pay for not issuing title deeds to you sooner.
Game of Thrones: Who Has a Claim to Your Possession?
Sam Orgill of ProACT Partnership on latest Developments in the Game of Getting Title Deed for Cyprus Property
The changes in Cyprus in 2015 allow the land registry to issue title deeds to holders of contract of sale. This changed the dynamics between claimants to the title, and the new rules have been developed with changed approaches in all area as banks, developers, sellers and buyers battle it out to claim best advantage of the situation. How are you doing in the game of title deeds?
UK Tax Free Savings Secured for Expats
Sam Orgill of ProACT Partnership discusses how Expats can get UK Tax Free Savings in a secured financial environment
Interest from Banks and Bonds
From April 2016 a £5000 tax saving income allowance exists in the UK. This saves £1000 tax. Yes you can earn £5000 in interest tax free.
Also the UK no longer charge tax on bank interest at source, from 2016 you will have to declare and pay tax on saving in a UK tax return or your country of tax residence.
Tax Saving Tip: Build up savings for UK interest free of UK at source and Cyprus Tax
Cyprus Cuts Tax on Savings for Expats
TAX on SAVINGS & INVESTMENT FOR EXPATS
Expat Savers can make more tax savings following changes in Cyprus Taxes for Expats. Pay just 0% on saving and investment income. Suddenly Cyprus becomes a world class tax residence for expats living working and investing abroad in Cyprus.
Cyprus Cuts Tax on Savings for Expats
Expat Pension Tax Saving
Sam Orgill of ProACT Partnership with Tax Saving Tips for Expats Living and Working Abroad in Cyprus UK
Pension Tax Saving for Expats
Expat Savers can make more tax savings following changes in the UK Budget and with Cyprus Taxes. They include Pension Freedom to pay 5% pension income tax or lower.
Expat Tax Saving Checklist
Sam Orgill of ProACT Partnership with Tax Saving Tips for Expats Living and Working Abroad in Cyprus UK
Expat Savers can make more tax savings following changes in the UK Budget and with Cyprus Taxes.
Tax Savings can extend to inheritance following changes to Wills and Inheritance tax rates in the UK. They also include Pension Freedom to pay 5% pension income tax or lower.
With Property Tax Savings are always available for the shrewd investor in overseas property.
