Do expats in Spain really face the bleak and uncertain future that the press headlines imply? Jamie Waddell asks Andalusia-based British expat and author Victoria Twead what she makes of all the fuss.
The Treasury plan to shift the burden of proof in tax evasion cases onto those with undeclared offshore assets. But are they being too heavy-handed? And will HMRC be able to cope with the extra workload?
Faced with growing numbers of “pension liberators” duping people into transferring their pensions into fake “QROPS”, HMRC has been given new powers to crack down on the fraudsters in the March 2014 Budget.
Fiscal year 2014/15 will see a drop in the pension tax-free lifetime allowance limit from £1.5m to £1.25m. Wealthy expats are already rushing to investigate QROPS as a result. Is this extra tax squeeze justified, or a pointless and fruitless exercise?
“Every year we see certain countries gaining popularity among expats, and in this shaky economic environment this is most often due to increased job opportunities.” Jamie Waddell looks at three destinations likely to become the new homes of thousands of emigrating Britons in 2014.
“Portugal is a popular destination for expats as well as tourists, with communities dotted throughout the country, most notably the Algarve. The favourable weather and excellent cuisine make it easy to see why, too. But once expats relocate here they can be subjected to life-changing experiences and learn valuable lessons from their Portuguese neighbours.” Jamie Waddell gives us the insights of three English-speaking expats who made the move to Portugal.