Dual citizen investment options. What are they?
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? |
Re: Dual citizen investment options. What are they?
Could you just buy stocks, in your name, that are trade in both USA and EU?
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Re: Dual citizen investment options. What are they?
ETFs?
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Re: Dual citizen investment options. What are they?
Originally Posted by Giantaxe
(Post 6063006)
ETFs?
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Re: Dual citizen investment options. What are they?
Originally Posted by nun
(Post 6063463)
Yes but in the UK or the US? Are non US EFTs PFIC
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Re: Dual citizen investment options. What are they?
Originally Posted by Giantaxe
(Post 6064833)
I would suspect that non-US EFTs are indeed PFIC. But I believe there are US ETFs that are also traded on other exchanges. Would the UK treat these differently from any other stock?
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Re: Dual citizen investment options. What are they?
Originally Posted by Giantaxe
(Post 6064833)
I would suspect that non-US EFTs are indeed PFIC. But I believe there are US ETFs that are also traded on other exchanges. Would the UK treat these differently from any other stock?
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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