Tax efficient way to transfer ISA to USA

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Nov 18th 2017, 7:30 am

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Cook_County

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Re: Tax efficient way to transfer ISA to USA

Quote:

Originally Posted by BarneyJing

Good advice thanks.

Does anyone have experience of Junior ISAs? I don't think I liquidate them until the kids reach 18, but then I'm worried about PFIC, so is the best I can do is leave them as cash ISAs?

Junior ISAs invested in non-PFIC investments are fine (possibly still FBAR reportable for the parent & child).

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