Boneless Chicken

this is not strictly a question about visas but i hope you'll bear with me

i'm planning to get a job for a few years in the US under a H1B visa. i have my
own house in the UK and i'm going to use a property mgmt agency to rent it out on
my behalf.

so what is the tax situation regarding this arrangement?

i would guess what i earn in my US job is obviously taxed under US laws and the
income from letting my home would be a UK income which i presume would be mostly tax
free (taking into account the personal allowance of £5K or whatever)

any advice appreciated, thanks!

bc

Degten

If you are a tax resident of the US (ie spend > 181 days in the US in any one year),
ALL your income is taxed including foreign income. If the income is taxed abroad,
there is a tax treaty which avoids double taxation. I believe there is some time lag
in claiming back taxes.

But Im not a tax accountant, so probably good to talk with one

DeDe On Sat, 17 Mar 2001 12:51:57 -0000, "Boneless Chicken"

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