Expat Focus Financial Update April 2018


Financial - Expat Focus

Number of Chinese HNW expats heading to the UK rockets

The number of Chinese expats looking to utilise the UK's 'Investor Visa' programme has rocketed by 56% over the past year, a wealth advisory firm says.

London-based LJ Partnership says that the number of Chinese HNWIs, and also UHNWI's, who are applying to live in the UK are doing so because of the attractions of living in the country outweigh issues over Brexit.   more ...

  Expat Focus Financial Update March 2018


Financial - Expat Focus

Looming deadline for declaring offshore assets

HMRC is warning that a deadline for expats to declare their offshore assets is looming.

Those who fail to comply will face tougher penalties if they have not declared the right amount of tax. These penalties take effect from 1 October. HMRC says that anyone with overseas assets will now need to declare these quickly or risk a larger fine. They add that they will prosecute the most serious cases of tax evasion.   more ...

  Moving Abroad, Before And After Brexit


Financial - FC Exchange

Has Brexit put you off the idea of moving overseas, or even just buying a property abroad? Whether you’re seeking a ski chalet for extended visits to France, want to make a permanent move to Australia, or are still weighing up your options, you might have plenty of questions about what Brexit means for your move abroad.

  more ...

  Expat Focus Financial Update February 2018


Financial - Expat Focus

Global HNWIs Leave UK For Australia And US

The UK may be losing its traditional position as a leading destination for High Net-Worth Individuals (HNWIs), with more ultra-wealthy people heading to the US and Australia, says a new report.

Research from New World Wealth reports that last year, the UK saw more HNWIs leaving the country than arriving for the first time.   more ...

  How To Navigate Brexit When Sending Money Abroad


Financial - FC Exchange

Brexit is in and out of the headlines and the pound has been swinging up and down like a yo-yo as a result. By late January the pound to US dollar (GBP/USD) exchange rate had broken through some key psychological barriers and was trending in the region of 1.43. However, Brexit struck again and papers reported Theresa May’s situation becoming more unstable amid a split in the Conservative Party and leaked reports showed Britain will be far worse off after the divorce. The pound sank to around 1.39 in just a few trading sessions during the final few days of the month, before bouncing higher again.   more ...

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