Leaving NYC for London, need the right tax advice
Dec 24th 2017, 1:58 am
#1
Forum Regular
Thread Starter
Joined: Oct 2017
Posts: 30
Leaving NYC for London, need the right tax advice
Another variation on a theme I’m sure but I haven’t see this exact scenario addressed, and any advice would be hugely helpful.
Following on from another thread, my wife and I intend to move back to London from NYC in late Feb, assuming her visa is approved. It’s crucial that I engineer the cleanest and most water tight ‘break’ from the US tax system, but in my 3 years here I must admit I have not found a satisfactory tax advisor, so am desperate for some recommendations. Deloitte/PWC both seem like ‘safe’ options but I am aware there must be many others.
My financial situation is:
One current account, one credit card account, and one brokerage account (used exclusively to purchase UK treasury GILTS.) All of these are with Citibank
I also own my apartment in Brooklyn. While I intend to sell it ASAP, this will likely not happen until towards the end of this year, long after we have left the country, as our immediate focus is on the baby. In the meantime the apartment will likely be empty as the building is a coop that does not favor renting. Not ideal but very understandable.
As I cannot engineer a quick total financial exit from the US due to the property (and possibly the GILTS) I need sound, experienced advice on how to play the next 12 months so I am not forever being chased by the US tax man.
Any thoughts or personal recommendations would be unbelievably helpful. I’ve found this board much much more reliable than random internet reviews that’s for sure. Thank you in advance,
Tim.
Following on from another thread, my wife and I intend to move back to London from NYC in late Feb, assuming her visa is approved. It’s crucial that I engineer the cleanest and most water tight ‘break’ from the US tax system, but in my 3 years here I must admit I have not found a satisfactory tax advisor, so am desperate for some recommendations. Deloitte/PWC both seem like ‘safe’ options but I am aware there must be many others.
My financial situation is:
One current account, one credit card account, and one brokerage account (used exclusively to purchase UK treasury GILTS.) All of these are with Citibank
I also own my apartment in Brooklyn. While I intend to sell it ASAP, this will likely not happen until towards the end of this year, long after we have left the country, as our immediate focus is on the baby. In the meantime the apartment will likely be empty as the building is a coop that does not favor renting. Not ideal but very understandable.
As I cannot engineer a quick total financial exit from the US due to the property (and possibly the GILTS) I need sound, experienced advice on how to play the next 12 months so I am not forever being chased by the US tax man.
Any thoughts or personal recommendations would be unbelievably helpful. I’ve found this board much much more reliable than random internet reviews that’s for sure. Thank you in advance,
Tim.
Dec 24th 2017, 5:28 am
#2
BE Forum Addict
Joined: Sep 2011
Posts: 2,903
Re: Leaving NYC for London, need the right tax advice
Wrong forum. You'd have more luck in the Moving Back to the UK forum.
Moving back to the UK - British Expats
Maybe a mod can move it if they can sit in front of a computer after too much pud!
Moving back to the UK - British Expats
Maybe a mod can move it if they can sit in front of a computer after too much pud!
Dec 24th 2017, 12:32 pm
#3
MODERATOR
Joined: Apr 2003
Location: Phoenix, Arizona
Posts: 58,679
Re: Leaving NYC for London, need the right tax advice
The OP has an ongoing thread over there, although not re taxes:
http://britishexpats.com/forum/citiz...n-card-904154/
OP, go ahead and ask your tax question in that forum as well.
Rene
Moderator
http://britishexpats.com/forum/citiz...n-card-904154/
OP, go ahead and ask your tax question in that forum as well.
Rene
Moderator
Dec 24th 2017, 12:58 pm
#4
Forum Regular
Thread Starter
Joined: Oct 2017
Posts: 30
Re: Leaving NYC for London, need the right tax advice
Ah ok, sorry for the wrong placement. Will repost the thread in that forum.
Dec 24th 2017, 4:04 pm
#5
MODERATOR
Joined: Apr 2003
Location: Phoenix, Arizona
Posts: 58,679
Re: Leaving NYC for London, need the right tax advice
No problem, I'll close this thread.
Rene
Moderator
Rene
Moderator
