Experts for Expats

What investments do you probably want to avoid as US citizen living abroad? 🇺🇸 PFICs are grouped funds – the equivalent of an ETF or index fund – and they can be very problematic tax-wise for US expats. If you work with a financial advisor, they would be able to recommend more appropriate options. Request an introduction to an independent, fee-based financial advisor who specialises in expat financial planning: https://lnkd.in/ePBqu2Pm --- Nothing said in this video constitutes tax or financial advice and must not be interpreted as advice. You should always speak to a qualified tax or financial advisor if you are unsure about any aspect of your taxes or financial situation. #USexpats #ExpatInvesting #ExpatAdvice

The Guardian recently published an article of helpful tips and advice for people who still need to complete their Self Assessment Tax Return. While the article provides some brilliant tips and guidance, a couple of very important non-resident elements are missing. Firstly, it's vital to confirm your tax residency and domicile status using the SA109 Form – but the form itself cannot be completed using the normal online self assessment process. To submit it, you would need to use specific software which is not generally available to the public. Secondly, you'll need to correctly interpret the Statutory Residence Test to determine your tax residence status, and understand how schemes like the Split Year Treatment may apply to you. While this may seem straightforward, incorrectly interpreting any of these elements can significantly affect how much tax you have to pay in the UK. If you're in any doubt about your tax return, it is vital to get advice from a trusted tax specialist – request a free introduction to one of our experts: https://lnkd.in/ePBqu2Pm #UKtax #UKtaxreturns #SelfAssessement #Expats #UKexpats

What are expats all over the world saying about us? 🌍 💬 "We spoke to a knowledgeable consultant who gave accurate, clear and concise advice." 💬 "The consultant we talked with got to the heart of our tax concerns." 💬 "We had had very little luck finding a tax consultant who would take us on and Experts for Expats managed to help us." As an expat, you'll often need ultra-specialist advice – and that can be difficult to find. Let's see if our global network of trusted tax, financial and relocation advisors can help. Request an introduction: https://lnkd.in/ePBqu2Pm #Expats #ExpatTax #ExpatFinance #ExpatAdvice

If you're a US citizen living in Italy, filing your taxes can get complicated. 🇮🇹 Your US tax advisor will need to work in coordination with your Italian accountant to navigate different filing deadlines and determine which types of income are filed where first. We're here to take the stress out of taxes, financial planning and relocation for expats all over the world. Request an introduction to a trusted specialist: https://lnkd.in/eZHrxt55 -- Nothing said in this video constitutes tax or financial advice and must not be interpreted as advice. You should always speak to a qualified tax or financial advisor if you are unsure about any aspect of your taxes or financial situation. #USexpats #UStax #ItalianTax #MovingToItaly

What do you need to consider before relocating from the US to Italy? 🇮🇹 The main things to consider are: 🏠 Your living situation – are you buying or renting? 🌐 Immigration – what visa do you need and what are the requirements? 💸 Tax and financial planning – how will you look after your investments and how will they translate to a life in Italy? If you're unsure about any of these aspects of your relocation (whether to Italy or anywhere else in the world) request an introduction to a trusted specialist here: https://lnkd.in/eZHrxt55 --- Nothing said in this video constitutes immigration, tax or financial advice and must not be interpreted as advice. You should always speak to a qualified advisor if you are unsure about any aspect of relocating to another country. #MovingToItaly #USexpats #ItalianProperty #ExpatTax #ExpatFinance

The Italian property market is completely different to the US – particularly the selling culture. 🇮🇹 Many Italians have a very close relationship to their property. Letting go of their home isn't always easy and may feel very personal – especially if the property has been in their family their whole life. Often, sellers be present for property viewings, even if an agent is involved. We'd always recommend seeking expert advice before you start negotiating on Italian property, as the responses you will get – and the methods of negotiating – are very different in Italy compared to the US. 🏠 Need help with relocating to or buying property in Italy? Request an introduction to a trusted specialist here: https://lnkd.in/eZHrxt55 --- Nothing said in this video constitutes advice and must not be interpreted as advice. You should always speak to a qualified advisor if you are unsure about any aspect of relocating to another country. #MovingToItaly #USexpats #ItalianProperty #ItalianPropertyMarket

Considering moving to Italy from the US? 🇮🇹 If you were born in the USA and have Italian heritage, you may be entitled to Italian citizenship by descent. However, you can only qualify for citizenship through your mother's side if you were born after January 1, 1948, because before that date women were not able to pass on dual citizenship to their children. Need help with your relocation to Italy? Request an introduction to a relocation specialist here: https://lnkd.in/eZHrxt55 --- Nothing said in this video constitutes immigration advice and must not be interpreted as advice. You should always speak to a qualified advisor if you are unsure about any aspect of your visa or citizenship application. #italiancitizenshiphelp #italiancitizenship #italiancitizenshipbydescent #italyrelocation #expats #usexpats #usexpatsabroad #expatsinitaly

Thinking of setting up your business in Dubai? There are Free Zone offers available in January to encourage new business creation, which are valid for the lifetime of the Free Zone license:   👉 1 x free resident visa for any new 2-visa quota businesses (worth 3750 AED on visa application, then paid again every 2 years on visa renewal date) 👉 100% waiver on upgrade amendments, cross business activity fee and general trading activity fee   👉 Additionally, there are discounts available on multi-year business licence (15% on 2 years, 20% on 3 years and 30% on 5 years).   Find out more about setting your business up in Dubai: https://lnkd.in/eDmdQNJ3   To request an introduction to a Dubai-based business advisor, DM us or email introduction@expertsforexpats.com #Dubai #DubaiBusiness #ExpatsInDubai

If you have tax obligations in multiple countries, double taxation agreements could be in place which could ensure you don't end up paying tax on the same income in different countries. However, not all double taxation agreements are the same, and the types of income covered can vary from country to country. To make sure you don't get caught out by misinterpreting any aspect of a double taxation agreement, always seek specialist advice. Head over to our website (expertsforexpats.com) or send us a DM with your details to request a free introduction to one of our trusted tax partners in the country you need advice in. #ExpatTax #DoubleTaxation #DoubleTaxationTreaty #ExpatAdvice

Foreign Earned Income Exclusion (FEIE) will exclude a certain amount of your foreign-earned income from US taxes. This option may work best when you're living and working in a country with low or no foreign taxes. However, you cannot exclude some types of income, such as passive income. Foreign Tax Credits (FTC) allows you to claim a dollar-for-dollar credit for foreign taxes paid, which will reduce your US tax liability. This can be beneficial if you're in a country with high taxes and you want to carry them over for future years. It is important to note, there are credits that may only be available to you if you do not use the FEIE, such as the Child Tax Credit. Often, taxpayers with dependents will choose the FTC as opposed to the FEIE for this reason. Your choice as to whether to use the FEIE or FTC is also going to depend on what other types of income you have besides wage income and where you're paying those taxes. You cannot use both the FTC and the FEIE on the same income, but you can use them both on your tax return. For example, you might use the FEIE on your wages and the FTC on your passive income. Need help with your US taxes? Request an introduction to a US tax specialist: https://lnkd.in/eSuBgqWU Nothing said in this video constitutes tax advice and you should always speak to a qualified advisor if you are unsure about any aspect of your tax return. #ustaxes #ustax #feie #expattax #expattaxadvisor #usexpats #usexpatsabroad