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Search: Posts Made By: garfro
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Nov 17th 2016, 1:36 pm
Replies: 6
Views: 755
Posted By garfro

Re: Couple of questions regards FIRPTA and transferring large amount from US to UK

Thanks for that info, had a look.....typical hard to decipher IRS stuff, every CPA I've talked to has a different take on things...go figure !

Now does anyone have info on the FIRPTA thing?

G
Nov 17th 2016, 1:16 pm
Replies: 6
Views: 755
Posted By garfro

Re: Couple of questions regards FIRPTA and transferring large amount from US to UK

Thanks for the quick reply, I think I read on here that it was ok to send whatever amount you want as long as you do the FBAR thing.

Do you know if I am liable for CGT in UK if I pay them in US?...
Nov 17th 2016, 12:41 pm
Replies: 6
Views: 755
Posted By garfro

Couple of questions regards FIRPTA and transferring large amount from US to UK

Thanks for all the previous advice received from folks on this site ( still not sure I understand it 100%)

As previously posted I am dual citizen UK/US and am now living in UK, my wife is USC with...
Oct 28th 2016, 6:06 pm
Replies: 7
Views: 1,063
Posted By garfro

Re: Back in UK 3 years selling California home

Yes she has been living in it to keep the Homeowners insurance valid, she moved out for a few days while it was staged and an open house was held Ins co was ok with that
So how does that help?
G
Oct 28th 2016, 5:41 pm
Replies: 7
Views: 1,063
Posted By garfro

Re: Back in UK 3 years selling California home

Thanks for replies
My wife has been back in the US since July, working with realtor to get house ready for sale does that count towards what you are saying about living in it for a few weeks?
Can...
Oct 28th 2016, 2:02 pm
Replies: 7
Views: 1,063
Posted By garfro

Back in UK 3 years selling California home

Hello all......as the title states, have sold US home and wondering if anyone here has done the same and can advise on a few things
Eg I will have to pay CGT in US will I owe UK?
Any other stuff to...
Aug 15th 2016, 6:14 pm
Replies: 18
Views: 2,814
Posted By garfro

Re: US IRA withdrawal: 30% wht despite filing W-8BEN

Thanks guys, I lived and worked in California for 28 years and became a citizen as I thought that I would lose my SS payments, so good to know
I may look into getting rid of it if that is the...
Aug 15th 2016, 10:26 am
Replies: 18
Views: 2,814
Posted By garfro

Re: US IRA withdrawal: 30% wht despite filing W-8BEN

Interesting JJ......I t chaps my hide too on the filing every year requirements
Question what about your social security. Do you lose that?
Garfro
Aug 10th 2016, 12:16 pm
Replies: 10
Views: 1,014
Posted By garfro

Re: Taxes capital gains rental house

Another quick question folks.... Is the CGT based on date of sale or in the fiscal year of sale
Eg lived in house until October but 3 years later sold house in Nov/Dec....does it have to be exactly...
Jul 27th 2016, 7:44 pm
Replies: 10
Views: 1,014
Posted By garfro

Re: Taxes capital gains rental house

Hard to believe that if I sold it a year earlier I would have been free of CGT completely
I believe there is a one time exemption when you reach 55 might have to wait a few more months
Jul 27th 2016, 7:19 pm
Replies: 10
Views: 1,014
Posted By garfro

Re: Taxes capital gains rental house

Nothing to hide her so here goes
Sell at 675k
Bought for 201k
Owe 270k
Estimated closing costs 40k
Purchased 20 years ago lived in fo 16 years
I'm sure there's other stuff like improvements,...
Jul 27th 2016, 6:44 pm
Replies: 10
Views: 1,014
Posted By garfro

Re: Taxes capital gains rental house

Well you made me feel a bit better earlier but just on a speakerphone with wife and CPA and not sure he is the right guy!! Told me that profit was only 195k and CGT was approx 70k. Can't be right☹️
Jul 27th 2016, 5:18 pm
Replies: 10
Views: 1,014
Posted By garfro

Re: Taxes capital gains rental house

Thanks, my wife's relatives have been telling her that it was going to cost us $175000 (50%)

On #3
So I would file with HRMC and I would get a reduction on the period, sorry I don't understand...
Jul 27th 2016, 3:49 pm
Replies: 10
Views: 1,014
Posted By garfro

Taxes capital gains rental house

HI folks long time since I have been on here but found a lot of help before so wanted to ask a few questions
Myself UK/US and wife USC moved from California about 4 years ago to Uk and although I...
Replies: 2
Views: 1,386
Posted By garfro

Re: SET M form help needed please

Just checked back
No replies. Can anyone help please
Garth
Replies: 2
Views: 1,386
Posted By garfro

SET M form help needed please

Hi all, so wife has passed the Life in the Uk test last week and am in the process of filling in the SET M form,some of it is pretty straightforward but some I have some questions about that I hope...
Replies: 24
Views: 2,529
Posted By garfro

Re: looking for help for settlement

Hi my wife (USC) got visa issued before July 19th 2012 and is booked to take KOL test next week, then we have to filled in the SET M form and get it in the mail.
Quick question.... Where we settled...
Jan 25th 2014, 1:07 pm
Replies: 28
Views: 2,451
Posted By garfro

Re: Is the "What would I do if I won the lottery" question helpful?

I think I would have a family member (non USC) to cash for me and open a bank account and just give me an ATM card lol
G
Jan 25th 2014, 11:43 am
Replies: 28
Views: 2,451
Posted By garfro

Re: Is the "What would I do if I won the lottery" question helpful?

Here's a question regard the lottery
As a UK /US citizen now living back in the UK, say I won a few million quid does the US govt want their share in taxes out of that?
I know you pay taxes on a...
Aug 27th 2013, 7:12 pm
Replies: 1
Views: 589
Posted By garfro

Criminal record check

Hi all .....not sure if I am posting in the right section, but mods please move if needed
I have been back in the UK from California for about a year now and have applied for a security guard...
Jun 1st 2013, 3:56 pm
Replies: 1
Views: 623
Posted By garfro

ILE TO ILR

Hello all reporting this in correct area
I am UKUS citizen wife of 25 years is US citizen, we moved back to UK last August after obtaining ILE with KOL req
Couple of questions
1 if she takes Life...
Replies: 1,381
Views: 254,038
Posted By garfro

Re: British citizen living abroad? Non-EEA spouse? This may affect you!

Hi all looking for some clarification here, me UkUs citizen, wife of 25 years US citizen, we got spouse visa before new rules and visa is ILE with KOL req
Been back since August 2012
Couple of...
Forum: USA
Nov 1st 2012, 5:01 pm
Replies: 5
Views: 1,526
Posted By garfro

Re: Car Insurance in the UK (NI)...need advice pleeeeez

I too moved back to NI about 3 months ago, I had old Uk license and letter from Us insurance co saying I gad had no accidents or claims and they accepted my wife's US license as a full one for 12...
Aug 18th 2012, 2:56 pm
Replies: 37
Views: 35,243
Posted By garfro

Re: Considering Northern Ireland

North of Belfast in Co Londonderry
G
Aug 12th 2012, 6:22 pm
Replies: 37
Views: 35,243
Posted By garfro

Re: Considering Northern Ireland

Got the dog ok from HeThrow, took about 4-5 hours to get him through, then left late Thursday night to drive up to Scotland, bit of a nightmare in the end, I got up to within 25 miles of the port...
Showing results 1 to 25 of 205
 


 
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