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Search: Posts Made By: bostonwilly
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Forum: USA
Jul 5th 2022, 8:07 am
Replies: 0
Views: 473
Posted By bostonwilly

UK non-resident CGT, dual taxation tax credit?

Hi all,

I'm still(!) planning the move over to the USA, but it's not long now. We're selling the house we've been letting out and it will be subject to UK capital gains tax. I've done calcs using...
Forum: USA
May 26th 2022, 10:41 am
Replies: 185
Views: 24,075
Posted By bostonwilly

Forum: USA
May 25th 2022, 6:59 am
Replies: 185
Views: 24,075
Posted By bostonwilly

Re: Job and life in Boston questions :)

Yes remortgaging will definitely be something I look into, as will renting first and finding out more about the places, what we like and don't like... we just don't want to move twice! (I think...
Forum: USA
May 24th 2022, 9:00 am
Replies: 185
Views: 24,075
Posted By bostonwilly

Re: Job and life in Boston questions :)

Yes, it's a fools errand, a gamble... we need to decide what we want to do with the house regardless of the US exchange rate. UK rental income will no doubt be taxed at the marginal rate in the US I...
Forum: USA
May 23rd 2022, 7:12 am
Replies: 185
Views: 24,075
Posted By bostonwilly

Re: Job and life in Boston questions :)

Thanks all for the car tax info, all stuff I need to add to the budget.

I was thinking again about selling our UK house and realised that this foreign currency gain tax is pretty weird. The...
Forum: USA
May 20th 2022, 9:54 am
Replies: 185
Views: 24,075
Posted By bostonwilly

Re: Job and life in Boston questions :)

Thanks for the explanation and tips. Lots to bear in mind!
Cheers :)
Forum: USA
May 17th 2022, 10:16 am
Replies: 185
Views: 24,075
Posted By bostonwilly

Re: Job and life in Boston questions :)

Thanks for the info Glasgow Girl.
Cheers :)
Forum: USA
May 16th 2022, 10:01 am
Replies: 185
Views: 24,075
Posted By bostonwilly

Re: Job and life in Boston questions :)

Okay, so house tax sounds a bit like tax foncier in France (owner pays, and tenant pays in directly via rent) and not like council tax in the UK (occupant pays).

I looked up MA motor vehicle...
Forum: USA
May 13th 2022, 10:43 am
Replies: 185
Views: 24,075
Posted By bostonwilly

Re: Job and life in Boston questions :)

Ouch! Foreign currency gain sounds expensive. Do they also charge this tax if I convert any currency into dollars, e.g. will I get a tax by converting the sale £s of my UK house into $?

CGT also...
Forum: USA
May 12th 2022, 7:11 am
Replies: 185
Views: 24,075
Posted By bostonwilly

Re: Job and life in Boston questions :)

Hi all,

Thanks for replies.

PetrifiedExpat, thanks I'll have a look, sounds like I should easily be able to find one. Thanks also for the tips on identifying all costs I need to include.
...
Forum: USA
May 10th 2022, 9:49 am
Replies: 185
Views: 24,075
Posted By bostonwilly

Re: Job and life in Boston questions :)

Hi everyone,

Another update while I'm here on the forum: We got our visas at the end of March! Now just a move to plan...

I had a quick look on the forum for recommendations for international...
Forum: USA
Jan 24th 2022, 8:18 pm
Replies: 3
Views: 543
Posted By bostonwilly

Re: UK resident with common shares in LLC

Is that a "no" I got the nomenclature wrong or a "no" there is nothing that should/could be done?
Forum: USA
Jan 24th 2022, 8:11 pm
Replies: 185
Views: 24,075
Posted By bostonwilly

Re: Job and life in Boston questions :)

Hi all,
Just a little update: got my petition approved in December. It then took ages to do the visa applications for the family and me because the website kept crashing and freezing, timing out......
Forum: USA
Jan 24th 2022, 8:09 pm
Replies: 3
Views: 543
Posted By bostonwilly

UK resident with common shares in LLC

Hi all,

I've been granted some common shares in the LLC I work for. I'm currently UK resident and will be USA resident later this year. I believe I should file a 83(b) election and apply for an...
Forum: USA
Sep 3rd 2021, 10:37 am
Replies: 6
Views: 1,061
Posted By bostonwilly

Re: Pensions and PFICs

Thanks Glasgow Girl.
Forum: USA
Sep 1st 2021, 2:00 pm
Replies: 6
Views: 1,061
Posted By bostonwilly

Re: Pensions and PFICs

Hi Nun,
Interesting. But if the contributions come from an employer then it should be okay, I presume. I'll definitely need someone to do my tax forms so I'll make sure they know about this.
Cheers...
Forum: USA
Sep 1st 2021, 8:10 am
Replies: 6
Views: 1,061
Posted By bostonwilly

Re: Pensions and PFICs

Hi nun,
Thanks for the clarification? Why are personal pensions debatable, when do they not escape the PFIC problem?
Cheers :)
Forum: USA
Aug 31st 2021, 9:02 pm
Replies: 6
Views: 1,061
Posted By bostonwilly

Pensions and PFICs

Hi all,

Trying to get my finances sorted out in anticipation of the move to the USA from the UK. I've read about PFICs, they sound like a PFICing pain in the neck! But, I also read that funds...
Forum: USA
Jun 25th 2021, 11:54 am
Replies: 185
Views: 24,075
Posted By bostonwilly

Re: Job and life in Boston questions :)

An immigration attorney in the USA told me that all visa appointments at the London Embassy have been rescheduled until after end of September. He said that the USA side of the visa process, e.g....
Forum: USA
May 29th 2021, 10:07 pm
Replies: 14
Views: 1,386
Posted By bostonwilly

Re: Tax questions - UK contracting then USA employee for same company

Hi @Nutmegger,

That's what I was thinking of doing. I was even thinking of making life very easy (though not super tax-efficient, nor without risk) and just working as a sole-trader and doing my...
Forum: USA
May 29th 2021, 1:32 pm
Replies: 185
Views: 24,075
Posted By bostonwilly

Re: Job and life in Boston questions :)

Hi steveq,

Interesting timeline! Thanks for sharing your experience. The paperwork does seem to take some time, and I don't have a lot of spare time to spend on it right now.

Cheers :)
Forum: USA
May 29th 2021, 1:31 pm
Replies: 14
Views: 1,386
Posted By bostonwilly

Re: Tax questions - UK contracting then USA employee for same company

Hi all,
Thanks for the extra info.

If the US company has no legal entity in the UK then I struggle to see how they could be liable to taking tax or whatever in the UK, but perhaps entirely...
Forum: USA
May 25th 2021, 7:39 pm
Replies: 185
Views: 24,075
Posted By bostonwilly

Re: Job and life in Boston questions :)

Hi all,

Thanks for the wishes christmasoompa, good luck getting your visa sorted out quicker than has been forecast :)

Thanks GeneralPowerpoint, we're aware of and resigned to that. In the...
Forum: USA
May 25th 2021, 7:36 pm
Replies: 14
Views: 1,386
Posted By bostonwilly

Re: Tax questions - UK contracting then USA employee for same company

Hi all,
Thanks for your replies.

tht: I've not come across the 1099 form before, thanks for telling me about it, I'll look into it. About tax residency I looked into it and if the dates work out...
Showing results 1 to 25 of 65
 


 
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