Dual citizen investment options. What are they?
#1
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Does anyone have any thoughts or siggestions about the following situation.
I'm a UK/US dual citizen and I have all my money in the US, I invest in mutual funds through regular accounts. I am planning to retire and become domiciled in the UK and I want to find a sensible way to keep investing in equities. However, as a US citizen UK funds, unit trusts etc are a bad idea as they are taxed by the IRS in a nasty way. I have looked into just keeping investing in US based mutual funds which I can do as a US citizen even though I'll be resident in the UK, but it looks like I'll loose my UK capital gains tax allowance as they are offshore funds. Is this the best option. Does anyone have other ideas? Is it best just to buy shares?
I'm a UK/US dual citizen and I have all my money in the US, I invest in mutual funds through regular accounts. I am planning to retire and become domiciled in the UK and I want to find a sensible way to keep investing in equities. However, as a US citizen UK funds, unit trusts etc are a bad idea as they are taxed by the IRS in a nasty way. I have looked into just keeping investing in US based mutual funds which I can do as a US citizen even though I'll be resident in the UK, but it looks like I'll loose my UK capital gains tax allowance as they are offshore funds. Is this the best option. Does anyone have other ideas? Is it best just to buy shares?
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#2
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Could you just buy stocks, in your name, that are trade in both USA and EU?
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#3
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ETFs?
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#5
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#6
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If they were bought in the punter's name instead of "street name", would the authorities know?
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The ideal would be a US based fund that is recognized as a "reporting" fund in the UK, I wonder if those US EFTs mentioned that are traded on other exchanges meet that criterion.
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