Tag: British expats
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A Third of British Billionaires Take Wealth Offshore: What the Investigation by The Times Reveals
A recent investigation by The Times has brought to light a significant trend among Britain’s wealthiest individuals: the use of offshore tax havens to secure their fortunes. According to the British daily’s findings, roughly a third of Britain’s billionaires, equating to 28 of the island’s 93 billionaires, have shifted their wealth into tax havens over…
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HMRC Profile of Offshore Investors
Discussions with the 16 banks highlighted that the typical offshore investor is of either High Net Worth (HNW) or Ultra-High Net Worth (UHNW). The definition of these terms varied amongst banks in relation to the manner in which they segmented their customer base. Despite some variation in the boundary between HNW and UHNW there was…
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British expats invest in UK properties
65% of Expat buy-to-let mortgages concentrated in greater London and South East Figures from Skipton International show up to 40% of expat mortgage customers are investing in buy-to-let property in Greater London, with another 25% in the South East of England. Just 10% of British expats purchasing property to rent out are investing in either…
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Skipton International is investing for the future
Skipton International is to implement a new banking service and replace its core banking system for offshore savings customers. [box type=”tick” size=”large” style=”rounded” border=”full”]The new secure online portal, planned to launch in late 2017, will allow customers around the world to access their savings accounts 24 hours a day. This will be in addition to…