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Search: Posts Made By: FatFrank
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Forum: USA
Mar 10th 2021, 10:38 pm
Forum: USA
Feb 27th 2021, 4:53 am
Replies: 6
Views: 1,587
Posted By FatFrank

Re: Best way to raise funds for UK Property Purchase while resident in USA?

Thank-you. I will look into that. Yes, the UK property is managed as a rental, so maybe there is an option here.
Forum: USA
Feb 26th 2021, 10:22 am
Replies: 6
Views: 1,587
Posted By FatFrank

Best way to raise funds for UK Property Purchase while resident in USA?

Hello dear forum of infinite expat advice!,
Looking for any recommendations or shared experiences on the above. We are PRs in the USA and have been here for nearly 20 years total. Looking for any...
Forum: USA
Jul 21st 2019, 1:56 am
Replies: 20
Views: 3,268
Posted By FatFrank

Unhappy Re: House in London, House in Texas ?

Blimey, even better (or worse, depending on your perspective) than I thought! What a difference in real money this can make.
Forum: USA
Jul 21st 2019, 12:45 am
Replies: 20
Views: 3,268
Posted By FatFrank

Re: House in London, House in Texas ?

Would to great for US CGT if you happened to buy in 2008, when it was almost 2:1, and to be selling now....if only
Forum: Meet-ups
Jul 20th 2019, 3:41 pm
Replies: 3
Views: 1,809
Posted By FatFrank

Re: Detroit Area

Where are you in Detroit, PeterFrank?
Forum: USA
Jul 20th 2019, 12:34 am
Replies: 5
Views: 2,114
Posted By FatFrank

Re: Tax advisor needed to help sell UK property

Erik McCall at EDA did a great job for us when we sold a UK property a couple years ago, at a very reasonable price.

http://www.edaprof.co.uk/
...
Forum: USA
Jul 19th 2019, 2:55 pm
Replies: 17
Views: 3,995
Posted By FatFrank

Re: Do I need an accountant if renting out home in UK?

Good summary. Exactly the situation we find ourselves in each year with our UK rental income, and handle all the forms ourselves. Only needed a UK accountant for the tax return year that we sold a...
Jul 18th 2019, 2:40 pm
Replies: 13
Views: 2,958
Posted By FatFrank

Re: Advice on how to find sponsorship

It amazes me when people post questions on here and then ghost the thread without further interaction, especially when there are excellent response to the original questions. Strange.
Forum: USA
Jul 18th 2019, 9:17 am
Replies: 13
Views: 2,641
Posted By FatFrank

Re: Health insurance

Somehow, I doubt that very much in this day and age for a new policy - whatever your immigration or citizenship status. :)
Forum: USA
Jul 17th 2019, 2:15 pm
Replies: 20
Views: 3,268
Posted By FatFrank

Re: House in London, House in Texas ?

I am no expert, but here are my thoughts based on our experience. FWIW:

We are moving from London to the US on an E2 and we own a property in London which will be rented out @ 2400 GBP per month...
May 12th 2019, 11:09 am
Replies: 16
Views: 4,414
Posted By FatFrank

Re: Wanting to move to Hawaii

I would move to Hawaii too if I could.,,,nice dream.
Forum: USA
Nov 3rd 2018, 1:57 am
Replies: 8
Views: 898
Posted By FatFrank

Re: Advice - New Cell Phone Contract after 10 years

T-Mobile One.
Four lines, unlimited data globally. $140 per month. Absolutely blessing when travelling back to the UK, and also helps us out in the US where our boys seem to somehow use over 30GB...
Forum: Meet-ups
Aug 4th 2018, 9:03 am
Replies: 2
Views: 3,075
Posted By FatFrank

Re: Brits near Detroit?

“Downriver”, whIch city/town? We are in Oakland county too, plenty of Brit’s here, but that’s not really downriver.
Forum: USA
Apr 14th 2018, 4:56 am
Replies: 27
Views: 3,324
Posted By FatFrank

Re: Selling UK property - Taxes, any advice?!

Sorry for the terminology and thanks for clarifying the correct terms. I didn’t think we earned anything near those limits, but maybe the other half was pushing it that year. There may too have...
Forum: USA
Apr 14th 2018, 12:52 am
Replies: 27
Views: 3,324
Posted By FatFrank

Re: Selling UK property - Taxes, any advice?!

Yep, but if I recall correctly (which is questionable?) our effective tax bracket for the capital gain calcs was triggered into the 39% because the capital gain from house sale was added together...
Forum: USA
Apr 11th 2018, 2:24 pm
Replies: 27
Views: 3,324
Posted By FatFrank

Re: Selling UK property - Taxes, any advice?!

Yep, CGT = Capital Gains Tax. Depreciation claimed on the property while owned it is recovered at your normal tax rate (39% for high earners under Obama), remaining gain taxed at 20% under Obama, and...
Forum: USA
Apr 9th 2018, 2:01 pm
Forum: USA
Apr 7th 2018, 3:06 am
Replies: 27
Views: 3,324
Posted By FatFrank

Re: Selling UK property - Taxes, any advice?!

BTW, Based on the exchange rate difference between a UK property purchased in, for example, 2007 (1.9ish echange rate IIRC?) and sold in 2018 (1.40), I would think it a great time to minimize any US...
Forum: USA
Apr 7th 2018, 2:53 am
Replies: 27
Views: 3,324
Posted By FatFrank

Re: Selling UK property - Taxes, any advice?!

tgj79, we sold our UK property in 2015 after moving here in 2002. Here is the thread covering my example rough calcs at the time and input from the forum at the time.
...
Forum: USA
Apr 7th 2018, 2:39 am
Replies: 12
Views: 3,153
Posted By FatFrank

Re: Paying National Insurance while living in the USA

HMRC Instructions to pay Class 2 from abroad are a little nebulous but here;

https://www.gov.uk/pay-class-2-national-insurance/bank-details


I just today paid my Class 2 from prior years and...
Forum: USA
Apr 7th 2018, 1:52 am
Replies: 1,097
Views: 412,797
Posted By FatFrank

re: Class 2 NI. What about us poor expats paying voluntary contributions?

I finally just paid the 8 years Class 2 that I was given permission to back pay, and could see no way to assign the payments made to a particular year, so I suppose that this is a risk for me too. To...
Forum: USA
Jan 28th 2018, 5:21 am
Replies: 39
Views: 27,085
Posted By FatFrank

Re: American Express Global Transfer = SUCCESS

Good to know. Thanks for sharing.
Forum: USA
Jan 17th 2018, 11:57 am
Replies: 1,097
Views: 412,797
Posted By FatFrank

re: Class 2 NI. What about us poor expats paying voluntary contributions?

Received our letters, all good and approved! I am not sure how to pay though. I did mark to pay by check, but I didn't really find the website too clear on the specifics of paying to my specific NI...
Forum: USA
Dec 9th 2017, 4:36 am
Replies: 1,097
Views: 412,797
Posted By FatFrank

re: Class 2 NI. What about us poor expats paying voluntary contributions?

Thanks, that’s a relief. I’ll expect to hear soon then :)
Showing results 1 to 25 of 109
 


 
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