Cartus
Posted by Pam Uhl |
Two Deed or Not Two Deed: Information for U.S. Relocation Managers

Relocation programs are commonly structured to take full advantage of tax laws affecting the purchase and sale of employee homes. At the Federal level, in Revenue Ruling 2005-74, the IRS validated tax protection for an amended value program using a deed-in-blank. As welcome as this ruling was, it suddenly brought state tax issues to the forefront because, regardless of any federal tax rulings permitting use of a single deed, some states require two deeds.

Based on new information provided by Worldwide ERC®, changes have recently been made to the two-deed process. Four states and the District of Columbia have been added to the list of two-deed states, bringing the total to 13*: Delaware, Hawaii, Illinois, Indiana, Kentucky, Nevada, New Hampshire, New York, Oklahoma, Pennsylvania, Rhode Island, Texas, and Washington.

* Plus the District of Columbia, Virgin Islands, and Puerto Rico
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Cartus Earns Third-Straight Relocation Management Company of the Year Award

Posted by Jane Bergman |
Cartus Earns Third-Straight Relocation Management Company of the Year Award

We are delighted to announce that for the third year in a row, Cartus has won the prestigious Relocation Management Company of the Year Award at the Asia Expatriate Management and Mobility Awards (EMMAs)!

The Relocation Management Company of the Year Award (over 10,000 moves a year) recognizes the strategic partnership we have with our clients that enables us to transform mobility services and drive greater business growth. The award also acknowledges our ability to manage complex global engagements and our flexibility in meeting clients’ changing relocation policy and program needs.
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Cost Control and Compliance Impact Relocation Programs

Posted by Alison Sedney |
Cost Control and Compliance Impact Relocation Programs

According to respondents of the Cartus 2014 Global Policy & Practices survey, cost control once again led the list of top global mobility challenges impacting companies with 75% of respondents naming cost control as a key challenge. The cost control mindset continues to directly impact many facets of relocation. For example, where mobility activity has decreased, 70% of respondents stated that this was directly attributable to budget constraints. Cost considerations are a primary factor in the increased popularity of assignment types such as Extended Business Travel and Localization. Policy changes and administrative process improvements were two of the leading approaches organizations were employing to drive cost savings.

Rounding out the top three challenges were Overall Compliance (at 62%, and up 12 percentage points over 2012) and Immigration (57%, up 13 percentage points over 2012).

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Expat Exodus: Why Employees Returning from Assignments Abroad Often Choose to Resign

Posted by Patrice Heinzer |
Expat Exodus: Why Employees Returning from Assignments Abroad Often Choose to Resign

As the final stage in the overseas relocation process, repatriation is a critical, yet often forgotten, stage of the assignment cycle. With potentially high attrition rates among repatriated employees, a comprehensive repatriation policy is a vital tool in retaining key talent and maximizing valuable skills gained while on assignment.

Considering the high cost of assignments, it’s surprising that few companies have made progress in formalizing steps to improve repatriation policies and benefits. According to the Cartus 2014 Global Policy and Practices survey, 66% of responding companies do not offer formal Repatriation Integration programs. Ironically, respondents in the same survey rated repatriation highest among aspects of their relocation programs they most want to improve.
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UK Relocation: Buyers Slow, But Prices Grow

Posted by Rob Abbott |
UK Relocation: Buyers Slow, But Prices Grow

The latest edition of our Cartus UK Market Watch is now available. It provides those involved in the UK relocation process with an up to date view on the current residential sales and lettings markets. As the UK’s economic outlook continues to improve, so too do housing market conditions. A September 2014 study by the Royal Institution of Chartered Surveyors stated that the “overall picture” shows a return to “a less volatile market.”

Six UK regions – the East, East Midlands, London, South East, South West and West Midlands – currently have average house prices that are higher than they were during the pre-financial crisis peak. London alone recorded an annual house price rise of over 19%. Nationwide Building Society indicates that property prices have risen by 11% year on year. Although it also reports a modest 0.8% monthly increase, this is the 16th successive monthly rise published by the building society.
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