Comparing the US/UK CFC Regimes
Owning a foreign company does not necessarily allow its shareholders to defer tax until they receive a dividend. Both the United States and the United Kingdom have controlled foreign company (CFC)…
Read MoreUS UK Tax
Tax issues for Americans in the UK: the U.S.–UK tax treaty, UK pensions, property sales and comparisons of the two systems.
Comparing the US/UK Applications of the Treaty Saving Clause
Cross‑border taxpayers navigating the U.S.-UK Income Tax Treaty often assume that treaty benefits operate symmetrically. In most areas, they do - but not when it comes to the saving clause, a…
Read MoreComparing US/UK Home Sale Gain Exclusions
In this blog, we compare the capital gain exclusions in the United States and the United Kingdom that are available for taxpayers selling a personal residence.
Read MoreComparing US/UK Offshore Tax Amnesty Programs
In this blog, we compare the major tax amnesty programs in the United States and the United Kingdom that are available for taxpayers with unreported overseas assets and income.
Read MoreTaxation of Pension Contributions and Earnings
For Americans living abroad, one of the trickier areas of U.S. tax law is the non-U.S. pension. Despite being a common feature of most people’s lives, the U.S. Treasury and IRS provide limited…
Read MoreExpat Taxes When Selling a UK Residence
U.S. expats living in the United Kingdom should always be cognizant of the fact that their activities could have tax implications in the both the United States and the United Kingdom.
Read MoreRoth IRA Taxation for Expats in the UK
American citizens moving to the UK often arrive with their U.S. retirement accounts intact. With the increased popularity of Roth IRAs, especially among millennials, it’s not uncommon for our UK…
Read More5 Tips for US Citizens Working in the UK
According to more recent population studies, the number of US citizens living in the UK has increased to well over 200,000 individuals. Importantly, each and every one of these citizens has potential…
Read MoreThe US UK Tax Treaty
The US UK tax treaty is a very important tool for preventing the double taxation of income. This is true in the case of individuals and businesses, and in the case of UK persons’ activities in the US…
Read MoreAvoiding Double Taxation
US expats living abroad face a number of tax challenges, perhaps the most potent of which is the potential for “double taxation” – i.e., taxation of your income in both the United States and your…
Read MoreIRS Peek into Royal Family’s Affairs
When it comes to having personal family affairs break into the major media news cycle, there’s no family quite like the British royal family. In this regard, the world was abuzz this week with the…
Read MoreReducing PFIC Taxes in the UK
One of the major economic fallouts of last year’s Brexit referendum was the sudden and significant depreciation of the British pound. Over the past week, the pound fell sharply again following the…
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