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Search: Posts Made By: Giantaxe
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Forum: USA
Jan 10th 2019, 9:54 pm
Replies: 39
Views: 8,264
Posted By Giantaxe

Re: Relocating to NYC. Renting home in UK

Ouch, you're right, which is even worse for someone with a lower marginal tax rate than that.
Forum: USA
Jan 10th 2019, 4:55 pm
Replies: 39
Views: 8,264
Posted By Giantaxe

Re: Relocating to NYC. Renting home in UK

Yes, I think that's correct. My point was more of to be aware of this if you are going to rent then sell whilst still subject to US taxation. Some people get a nasty shock when they find that they...
Forum: USA
Jan 10th 2019, 4:39 pm
Replies: 39
Views: 8,264
Posted By Giantaxe

Re: Relocating to NYC. Renting home in UK

One caveat on depreciation - if the property is sold whilst subject to US taxation, depreciation is recaptured regardless of whether the gain is under the $250k/$500k threshold. And, that recapature...
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