Currently viewing the tag: "Overseas"
Change in Capital Gains Tax Rules for Non-UK Resident Landlords

Change in Capital Gains Tax Rules for Non-UK Resident Landlords

Change in Capital Gains Tax Rules for Non-UK Resident Landlords

Last month – 6th April 2015. the legislation concerning Capital Gains Tax (CGT) for Non-UK resident landlords came into force, which may seriously affect Non-UK property owners when it becomes time to sell their property assets in the UK.

Any sale of residential properties in the UK concluded before the date of the legislation change, whether the property concerned was a main residence or an investment property and owned by Non-UK resident, should not incur any additional tax charges. 

Continue reading »

HMRC Tax To Deter Foreign Investment In UK

HMRC Tax To Deter Foreign Investment In UK

Estate Agents Warn That New
HMRC Tax Announcement

Will Put Off Willing Overseas Property Buyers

 

The announcement made by HMRC about altering the Government position on taxation of using foreign capital as collateral for borrowings could have a significant impact on the residential market in UK cities, especially London, according one estate agent.

Cluttons’ Head of Residential Development, Julian Briant, reckons that the new rules over the use of foreign capital in order to be able to obtain a loan in the UK will now result in a taxable remittance, making mortgages less attractive for investors hoping to use money held abroad as security.

Continue reading »

PRS Fraud Warning Re-Issued By NLA

PRS Fraud Warning Re-Issued By NLA

NLA Warning About Rental
Fraudsters Re-Issued

The National Landlords Association (NLA) has re-issued its 2010 warning to landlords, letting agents and tenants about online fraudsters operating in the UK’s private rental sector after resurgence of complaints over suspect practitioners.

The NLA began to receive a large number of complaints back in August 2010, concerning fraudsters who operate online, using popular free websites such as Gumtree to attract unwitting victims, and the landlord association has now started to receive a new wave of complaints.

The NLA investigated and uncovered several online rental property fraudsters who would trick tenants into paying them an advance fee to rent a property by using underhand tactics such as official landlord association branding or fake letters claiming to be from NLA local representatives to support their demand for up-front payments in order to lure their victims in to a false sense of security.

Continue reading »

Property Investment in the Caribbean

Property Investment in the Caribbean

Spotlight On Overseas Property Investment In The Caribbean

As far as luxury tourist destinations go, the Caribbean is up there with the best of them. Much of the Caribbean’s thriving economy stems directly from the tourism industry, and it’s no wonder why. With demand high for tourist property, and jobs aplenty, the future looks bright in this part of the world.

These stunning islands are also a popular hotspot for the wealthy to live or to have second homes. Consequently, the Caribbean provides an exciting opportunity for property investors, with wealthy locations such as the Bahamas providing a particular source of interest.

The opportunities for property investment in the Caribbean are many and varied. The most popular properties are those which cater for tourists, being that this is the most common widely sought after type of property.

With a booming tourist industry, the decision to invest in tourist properties has proven to be a profitable and wise choice for many investors, and continues to bring excellent returns. Tourist property developments are continuing to appear, bringing an increasing stream of investment opportunities in this sector.

Alongside tourist properties such as hotels and holiday homes, commercial properties for sale in the Caribbean are also a sound investment choice in places with high volumes of tourists. Where people travel, they spend money in bars, restaurants and nightlife, so this can be an alternative way for investors to tap into the profitable potential of the Caribbean islands.

Alongside tourist properties, residential investment opportunities are also available, with strong economies meaning that people are able to buy or rent housing in pretty large quantities, which in turn means that demand is always there for such properties.

Luxury residential properties are another veritable goldmine, with many wealthy people seeing the Caribbean as a great place to live or to have a second home. Because of its stunning scenery and beautiful climate, the Caribbean is an attractive place to live for some, if not all, of the year. Overseas property investment can therefore also be a very profitable decision.

It is perhaps best to focus attention on the islands with the strongest economies, such as the Bahamas. These are very popular with tourists and can lead to many profitable opportunities in terms of tourist accommodation, residential property and commercial buildings.

Whilst the Caribbean offers some excellent opportunities for investment, it is worth remembering that laws, customs and values can differ widely between each of the different islands. Best practice would perhaps be to ensure that you acknowledge the local customs by enlisting the help of a local expert to assist in any purchases or dealings.

Nueva Andalucia Rises From The Shadow Of Marbella

Nueva Andalucia Rises From The Shadow Of Marbella

 Overseas Property In The Spotlight

Perfectly located just ten minutes from the famous Spanish resort town of Puerto Banus, Nueva in Andalucia has become increasingly popular with UK property investors looking to purchase a property in the Marbella region.

By day and by night, the area around the seafront has a varied choice of cafes, bars and restaurants, where visitors can sample some of the regions superb seafood, or simply enjoy a glass of wine and watch the world go by.

There are a number of older urbanisations throughout Nueva Andalucia, which consist of apartment blocks and town houses, all of which are very affordable.

The town’s coastal location, just over an hour in a car from the airport in Malaga, which has made it a popular destination for holidaymakers and foreign residents alike.

Continue reading »

2 Million Foreign Investors Own UK Properties

2 Million Foreign Investors Own UK Properties

Foreign Property Investors Think UK Property Is A Safe Investment

According to the accountancy group – UHY Hacker Young, the number of foreign property investors owning UK property has now exceeded 2 million.

The accountancy group analysed HMRC data and discovered that the number of overseas property investors owning and renting out property in the UK private rented sector increased by 6% in the past 12 months to 2.04 Million, up from 1.93 Million in 2012.

In the past five years the number of foreign property investors owning UK PRS property has risen by 39%.

However, the accountancy group says that the consistent growth in the number of foreign investors targeting UK property may come to a halt following the Government’s recently announced plans to charge Capital Gains Tax (CGT) on the sale of properties owned by foreign investors from April 2015. A move which could discourage foreign buyers from investing in UK property when the deadline comes in to force.

Continue reading »

Capital Gains Tax For International Property InvestorsUK To Tax International Property Investors

The Chancellor, George Osborne’s has taken a step towards levelling the playing field for UK property investors after deciding to introduce Capital Gains Tax (CGT) for international property investors, a move that has attracted a mixed response from property professionals.

While UK property investors have broadly welcomed the new tax for international property investors, some industry professionals have slammed the Chancellors decision to introduce it, with some pundits speculating that it could drive foreign investors away, increase housing supply and push property prices down.

Continue reading »

 

Moving Abroad? – Things To Know Before You Go

Moving Abroad? – Things To Know Before You Go

British Citizens Warned To Plan For

The Unexpected When Moving Abroad!

The Foreign and Commonwealth Office (FCO) has issued a checklist for British citizens planning to purchase property, retiring or moving abroad.

Buying property overseas can transform the lives of many property investors, but buyers are warned to take independent advice before completing any overseas property purchases and moving abroad.

FCO staff last year helped a number of British expatriates with a variety of issues, with many people facing heavy fines, financial ruin or finding themselves on the wrong side of the law because they were not fully prepared.

These cases involved issues such as property disputes, bankruptcy caused by changes in personal circumstances, pension complications and unexpected health issues.

A recent FCO report also suggests that high hospitalisation and death rates occur in areas where large numbers of elderly British nationals reside, notably in Europe and South East Asia.

Continue reading »

Buy-To-Let Property Investors Reap High Rental Rewards

Buy-To-Let Property Investors Reap High Rental Rewards

Activity In UK Buy-to-Let Property Market
Continues To Increase

Activity in the UK Private Rental Sector (PRS) has reached an historic high, with demand continuing to heavily outstrip the supply of available rental properties, according to the latest National Rental Report by Sequence, owners of Barnard Marcus, Fox & Sons and other well known high street property chains.

The Sequence rental index shows that activity in the UK’s private rental sector hit an 11-year high last month, with strong tenant demand driving up rents to a new monthly average of £751 (GBP).

New tenancies being agreed have increased by 6%, when viewed on a monthly basis, and the figures were actually up 18% when viewed annually.

The strong demand for rental property from would-be tenants is helping to fuel a rise in the cost of average rents, with prices up 2% month-on-month and 6% compared to July last year.

Continue reading »

14 reasons to attend PPSC 2013…

Last Chance To Get Tickets To The Property Super Conference March 2nd & 3rd 2013

Last Chance To Get Tickets To The Property Super Conference March 2nd & 3rd 2013

1. Uncover new & latest property investing opportunities as you hear top keynote speakers share their ideas for success

2. Experience enhanced personal growth and development from our unparalleled property professionals speaker line-ups

3. Keep up to date with regular updates on our changing but opportunistic UK property market

4. Be inspired and utilise that as your catalyst for growth, personal development and reason for taking action

5. Learn new skills & techniques to grow and run your own property business successfully

6. See displays of the latest products & services offered by numerous specialist suplliers

7. Meet amazing professional property people and network with 1000 potential JV partners & investors

8. Provide yourself the Opportunity away from your normal routine to learn & discover how you can lift the bar even higher and reach success without having to break sweat.

9. NETWORKING OPPORTUNITIES with some of the UK’s best-known Property Investors and property professionals – make lifelong friends & mentors who can guide you to success.

10. Stay in touch with latest property industry products, services and innovations.

11. Most up to date Cash flow investing strategies for 2013 – (3 Stages, choose Your talks)

12. New Contrarian JV Finance raising strategies that will totally blow your mind

13. TWO FULL DAYS of intensive training from the UK’s leading property education experts

14. UNRESTRICTED ACCESS to our private and closed Facebook group including live discussions, monthly interviews and exclusive offers & updates

All at the Last Ever Progressive Property Super Conference 2013

Get Your Discounted Tickets Here

 

7 Steps to get the most of PPSC 2013…

1. Prepare in advance. Establish what skills & strategies you want to get from the Progressive Property Super Conference 2013 & arrive with a clear set of take-aways. Remember, preparation is free!

2. Don’t just turn up, fully engage! Play full out & commit that you will be an active participant over the two days.

3. Get networking. Meet people, JV partners & other investors. Share ideas. Swap business cards. Even with the amazing on-stage learning you’ll get, you will get just as much talking to other delegates.

4. Allow time to create an implementation strategy after the event. Follow up with your contacts. You will need at least two hours (within 48 hours of the event) to decide what changes you’ll make as a result of this life changing event.

5. Meet the speakers. Most of the property speakers will be accessible over the two days, so introduce yourself to as many as you can. Just meeting great people makes You even greater!

6. Bring a colleague. If you bring a business colleague & then commit to a peer partnership the learning will have far greater impact when you get back to implement your property strategies. 1 + 1 = 11

7. Consider bringing your spouse & even family [potential JV’s]. We believe in total life balance & that real success is in sharing & having an amazing time. You will have plenty of time before & after the sessions to enjoy with your loved ones so make it even more special with their presence.

All at the Last Ever Progressive Property Super Conference 2013

Get Your Discounted Tickets Here

Last Chance To Get Tickets To The Property Super Conference March 2nd & 3rd 2013

Last Chance To Get Tickets To The Property Super Conference March 2nd & 3rd 2013

There Will Never Be A Better Time To Invest In Property

MyPropertyPowerTeam.co.uk helps property investors and landlords build their own property power team to enable them to profit from property - Visit our main site now!