British Expats - Search Results

Search: Posts Made By: Cook_County

Showing results 1 to 3 of 3
Search took 0.01 seconds.

Forum: USA

Jul 27th 2017, 1:33 pm

Replies: 13

Moving to texas from uk and getting a mortgage

Views: 8,691

Posted By Cook_County

Re: Moving to texas from uk and getting a mortgage

Sale of the home is an entirely different different transaction from the repayment of a foreign currency mortgage. It is unconventional (and has always been unconventional) to have a US citizen on a...

Forum: USA

Jul 27th 2017, 9:33 am

Replies: 13

Moving to texas from uk and getting a mortgage

Views: 8,691

Posted By Cook_County

Re: Moving to texas from uk and getting a mortgage

Because Sterling has fallen so sharply, your US citizen wife will realise a very large and taxable foreign currency gain when her share of the mortgage is repaid. This is a separate transaction from...

Forum: USA

Jul 26th 2017, 2:21 pm

Replies: 13

Moving to texas from uk and getting a mortgage

Views: 8,691

Posted By Cook_County

Re: Moving to texas from uk and getting a mortgage

If you sell the UK property once you are a US resident you will have a very large taxable foreign currency gain when you repay your Sterling mortgage. If - unusually - your US citizen spouse has a...

Showing results 1 to 3 of 3