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HMRC Nabs 56,000 Brits With Illegal Offshore Cash
Stopping offshore tax avoidance by 56,000 UK taxpayers has raised £1.3 billion in unpaid tax, according to figures from HM Revenue & Customs (HMRC). The haul is part of an extra £24 billion clawed...
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FCA Chastises Fund Managers Over Unclear Charges
Some investment firms are not giving customers clear figures in marketing materials to explain how charges are deducted from their cash, says the Financial Conduct Authority (FCA). The result is...
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Tax Avoidance Defeats – Investors Fight Back In Court
Financial and investment advisers are expecting a flood of law suits as HM Revenue & Customs (HMRC) cracks down on tax avoidance schemes. Industry experts say professional indemnity firms that...
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Expat Investors Set Lawyers After Missing £225m
Expat investors are trying to recoup £225 million that evaporated in an offshore investment scandal. Investors from around the world pumped cash into the LM Managed Performance Fund and looked forward...
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Why Bitcoin will never become legal tender
Bitcoin has already been consigned to novelty status by high-powered central banks and governments. The virtual currency and other cryptocurrencies are looked upon as novelties and fads by the...
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Judges Order Spanish IHT Law Changes For Expats
Families and loved ones of expats living in Spain should no longer have to pay higher death taxes than the Spanish. The European Court of Justice has demanded the Spanish government change tax rules...
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Russia Hits Out At ‘Unlawful’ FATCA
Grumbling about the US Foreign Account Tax Compliance Act (FATCA) is growing around the world. After a Canadian pressure group launched a legal challenge against the government signing a FATCA treaty...
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SFO Investigates £120 Million Legal Fund Collapse
Collapsed investment fund Axiom Legal Financing is facing an investigation by fraud detectives. The £120 million fund promised investors 11% a year returns on their cash but failed to deliver and was...
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Financial Legal Loophole Gives Consumers More Bite
The Financial Ombudsman and lawyers are urging consumers with complaints against financial services firms to take their grievances to court to gain more compensation. The free ombudsman service has a...
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Global Crack Down On Expat Bank Accounts
Tax avoidance and money laundering laws are stopping expats opening bank accounts in many countries around the world. British expats have already complained to the European Commission about problems...
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HMRC Tackles Tax Avoiding Lawyers
HM Revenue & Customs (HMRC) is taking on lawyers who are avoiding tax in a new high-profile campaign. Solicitors are invited to volunteer any undeclared earnings in return for discount penalties....
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Property Investors Win Holiday Resort Legal Battle
British expats and second homers have won a landmark victory in Turkish courts to reclaim millions of pounds paid to a holiday resort developer who went bust. Around 55 property investors joined...
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Expats Warned About Dodgy Property Deals In Egypt
The British government is warning expats and property investors buying homes in Egypt to watch out for fraudsters and dodgy dealings. The Foreign & Commonwealth Office (FCO) has published a lengthy...
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Judge Rules Bankrupt Pension Grab Is Unfair
The rights of creditors grabbing a slice of a pension of someone who is bankrupt to repay their debts have been thrown into doubt. The confusion involves the status of a pension fund held by a...
View ArticleWhy Giving Power Of Attorney Is Important For Expats
Giving someone the authority to look after your financial affairs if you fall ill is a good idea that is overlooked by most expats. Many expats have property, cash and investments in more than one...
View ArticleOsborne To Plug Pension Loophole For Divorcees
The government may act to plug loopholes that new pension rules and legal decisions have left in divorce rules. New pension rules introduced by Chancellor George Osborne in April did not consider how...
View ArticleFATCA Opponents Launch Legal Challenge
Opposition to the US Foreign Account Tax Compliance Act (FATCA) has moved to the courts as lobbyists have launched a legal challenge against the law. The suit filed at a federal court in Dayton, Ohio,...
View ArticleOsborne To Plug Pension Loophole For Divorcees
The government may act to plug loopholes that new pension rules and legal decisions have left in divorce rules. New pension rules introduced by Chancellor George Osborne in April did not consider how...
View ArticleFATCA Opponents Launch Legal Challenge
Opposition to the US Foreign Account Tax Compliance Act (FATCA) has moved to the courts as lobbyists have launched a legal challenge against the law. The suit filed at a federal court in Dayton, Ohio,...
View ArticleExpat Landlords Must Check Tenants Right To Rent
Expat buy to let landlords renting out homes in England have to check new tenants have the right to rent a home before letting them move in from February 1, 2016. The checks should include anyone...
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