Renounciation
Sep 3rd 2025 | 8:25 pm
#2
Joined: Aug 2003
Posts: 79,360
From: East Seaxe
Re: Renounciation
Cost is $2,350.
https://uk.usembassy.gov/loss-of-u-s...-expatriation/
More useful info here.
https://1040abroad.com/faq/renouncing-u-s-citizenship/
I considered it, but decided that it would be an emotional decision rather than a sensible one, so I'm still dual for now.
Sep 4th 2025 | 3:05 am
#3
BE Forum Addict
Joined: Aug 2013
Posts: 4,834
From: Eee Bah Gum
Re: Renounciation
Sep 4th 2025 | 3:45 am
#4
Joined: Aug 2003
Posts: 79,360
From: East Seaxe
Sep 4th 2025 | 4:02 am
#5
BE Forum Addict
Joined: Aug 2013
Posts: 4,834
From: Eee Bah Gum
Re: Renounciation
If we were not US citizens then there is I believe mandatory withholding by the companies paying the income to foreigners. In which case we would still have to file US taxes returns to claim back those withholdings. Perhaps I could get the brokerages and pension scheme providers to not do withholdings by invoking the tax treaty.
https://www.irs.gov/individuals/inte...pecific-income
This section discusses the specific types of income that are subject to NRA withholding. The income codes contained in this section correspond to the income codes used on Form 1042-S.
You must withhold tax at the statutory rates shown below unless a reduced rate or exemption under a tax treaty applies. For U.S. source gross income that is not effectively connected with a U.S. trade or business, the rate is usually 30%. Generally, you must withhold the tax at the time you pay the income to the foreign person.
You must withhold tax at the statutory rates shown below unless a reduced rate or exemption under a tax treaty applies. For U.S. source gross income that is not effectively connected with a U.S. trade or business, the rate is usually 30%. Generally, you must withhold the tax at the time you pay the income to the foreign person.
Last edited by durham_lad; Sep 4th 2025 at 4:05 am.
Sep 4th 2025 | 5:13 am
#6
Joined: Aug 2003
Posts: 79,360
From: East Seaxe
Re: Renounciation
SS is only taxed in the UK but is still declared on our US tax return. All other US income we receive including US private pensions, US dividends and capital gains is taxed first in the UK and we use foreign tax credits to zero out the US taxes.
If we were not US citizens then there is I believe mandatory withholding by the companies paying the income to foreigners. In which case we would still have to file US taxes returns to claim back those withholdings. Perhaps I could get the brokerages and pension scheme providers to not do withholdings by invoking the tax treaty.
https://www.irs.gov/individuals/inte...pecific-income
If we were not US citizens then there is I believe mandatory withholding by the companies paying the income to foreigners. In which case we would still have to file US taxes returns to claim back those withholdings. Perhaps I could get the brokerages and pension scheme providers to not do withholdings by invoking the tax treaty.
https://www.irs.gov/individuals/inte...pecific-income
So the husband is the non-citizen. The only income he will get from the US is his SS so presumably will not be taxed in the US. He is a green card holder, which he has not formally turned in, but having not gone to the US in three years that has presumably lapsed.
I suppose in future we will have to file US taxes separately?
Sep 4th 2025 | 6:15 am
#7
Forum Regular
Joined: Feb 2024
Posts: 151
From: Scotland
Re: Renounciation
So the husband is the non-citizen. The only income he will get from the US is his SS so presumably will not be taxed in the US. He is a green card holder, which he has not formally turned in, but having not gone to the US in three years that has presumably lapsed.
I suppose in future we will have to file US taxes separately?
I suppose in future we will have to file US taxes separately?
Before making any decision to either renounce citizenship or formally give up GC, check whether either of you could fall into a bucket that makes you liable for US Exit Tax
Sep 4th 2025 | 6:59 am
#8
Joined: Aug 2003
Posts: 79,360
From: East Seaxe
Re: Renounciation
Remember that just because Green Card may have lapsed for immigration purposes doesn't remove tax filing requirements....
Before making any decision to either renounce citizenship or formally give up GC, check whether either of you could fall into a bucket that makes you liable for US Exit Tax
Before making any decision to either renounce citizenship or formally give up GC, check whether either of you could fall into a bucket that makes you liable for US Exit Tax
Thanks, but we were/are nowhere near exit tax requirements and we file our taxes in both countries.
