Saving Money
Jul 29th 2008, 7:57 am
#16
It's what the eye see's..
Joined: Jul 2008
Posts: 839
Re: Saving Money
What you need is :
(A) Your USA passport, do not, I repeat, do not bring two passports into the embassy, you will be up shit creek if you do that.
(B) Your social security card. (Or proof you never applied for one)
(C) You need a statement from the UK Tax office stating that you have up until today paid all taxes due in the UK.
(D) You have to prove that the tax rate(s) you are paying in the UK are higher then the ones in the USA.
(E) I just hope you never registered with a US Embassy in the Middle East while working and living there, otherwise forget the 0% taxing status
(F) There should be a tax data exchange agreement between the UK and US (Don't know about that one, you need to check it yourself as I'm Dutch)
Dutchie
(A) Your USA passport, do not, I repeat, do not bring two passports into the embassy, you will be up shit creek if you do that.
(B) Your social security card. (Or proof you never applied for one)
(C) You need a statement from the UK Tax office stating that you have up until today paid all taxes due in the UK.
(D) You have to prove that the tax rate(s) you are paying in the UK are higher then the ones in the USA.
(E) I just hope you never registered with a US Embassy in the Middle East while working and living there, otherwise forget the 0% taxing status
(F) There should be a tax data exchange agreement between the UK and US (Don't know about that one, you need to check it yourself as I'm Dutch)
Dutchie
Dutchie
Jul 29th 2008, 8:00 am
#17
BE Enthusiast
Joined: Dec 2007
Location: Doha
Posts: 535
Re: Saving Money
Thanks for the info Dutchie. I was more interested in the situation you referred to for someone working in the Middle East 'tax free environment'. I am working and resident in the UAE at present, and have not worked or been resident in either the US or UK for the past 11 years.
I think in the UK case, you are referring to the dual taxation treaty whereby (and very basically) if you pay more tax in the UK than you would owe in the US, you end up paying the IRS nothing.
I think in the UK case, you are referring to the dual taxation treaty whereby (and very basically) if you pay more tax in the UK than you would owe in the US, you end up paying the IRS nothing.
Jul 29th 2008, 8:08 am
#18
It's what the eye see's..
Joined: Jul 2008
Posts: 839
Re: Saving Money
Thanks for the info Dutchie. I was more interested in the situation you referred to for someone working in the Middle East 'tax free environment'. I am working and resident in the UAE at present, and have not worked or been resident in either the US or UK for the past 11 years.
I think in the UK case, you are referring to the dual taxation treaty whereby (and very basically) if you pay more tax in the UK than you would owe in the US, you end up paying the IRS nothing.
I think in the UK case, you are referring to the dual taxation treaty whereby (and very basically) if you pay more tax in the UK than you would owe in the US, you end up paying the IRS nothing.
Jul 29th 2008, 8:38 am
#19
BE Enthusiast
Joined: Dec 2007
Location: Doha
Posts: 535
Re: Saving Money
Well I'm not interested in 'getting away' with anything.
Just minimising my tax liabilities by legitimate methods.
I haven't registered with any Embassy for anything, but I do annual US and UK tax returns. :curse: :curse:
Just minimising my tax liabilities by legitimate methods.
I haven't registered with any Embassy for anything, but I do annual US and UK tax returns. :curse: :curse:
Jul 29th 2008, 2:25 pm
#20
BE Forum Addict
Joined: Apr 2005
Location: Melbourne
Posts: 4,553
Re: Saving Money
Since both of us are working and due to the fact we have been living here since a long time and have not been faced major rent increases unlike newcomers to Dubai, we save most of our income.
Jul 29th 2008, 3:31 pm
#21
It's what the eye see's..
Joined: Jul 2008
Posts: 839
Re: Saving Money
My savings / pension will come out of the building I own in Amsterdam. A lot of Dutch people do it that way.
