Living in the US

Liability to UK income tax has traditionally been based on residence in the country, so many taxpayers feel that it will be of little concern to them once they have left the United Kingdom. In addition to the exceptions to the “residents only” rule and the possible uncertainties over residence status, there is also the question of capital taxation. No tax system is willing to give up its hold on potential taxpayers!

You May need advice if

  1. you are realising capital gains in the United Kingdom
  2. you are considering your Will and estate planning and have assets, or beneficiaries in the United Kingdom
  3. you have retained pensions or other investments in the United Kingdom
  4. you are selling a vacation home in the US and will be subject to withholding tax
  5. you are thinking of returning to the United Kingdom
  6. your tax affairs involve potential double taxation and could be affected by the terms of the US/UK Double Taxation Treaty

Transatlantic Tax can help you to plan ahead to reduce your tax liabilities or help to resolve issues raised by HM Revenue & Customs or the IRS.