Marry US guy and head full of tax questions !
Hi everyone - Seasons Greetings. I am currently on holiday in Arizona, and staying with a chap I met on vacation previously.
our plan I am staying 85 days - then I go home to UK plus we are vacationing in Europe over the summer etc then Im back to USA in the fall. We then intend to apply for a K1 visa to marry sometime in 2023 when its granted. I have property x2 in UK - current gains from buying them to current value around £700k. I have to make a choice. Either sell both in next 18 months before I am resident in USA so I only pay UK CGT on my rental property only. OR Pull out my equity and let my sons live in each property till I die ( preferred ) I really don't want to pay USA CGT ! I receive a substantial tax free for life injury pension. I understand sec 17 means if its tax exempt in the UK its tax free in the USA. Coincidently my intended also gets a USA injury pension as a 9/11 fire hero. I’ll post specific Q’s in the relevant forums xx |
Re: Marry US guy and head full of tax questions !
Welcome to BE.
Please have a quick read of the forum rules https://britishexpats.com/site-rules/ and should you have any site related problems, please contact one of the moderators, names in bold at the bottom right of each forum page. I have asked that the thread be moved to the USA forum as this one is really only for introductions, and people who might be in a better place to help might not see it. |
Re: Marry US guy and head full of tax questions !
Originally Posted by Densol
(Post 13082962)
I receive a substantial tax free for life injury pension. I understand sec 17 means if its tax exempt in the UK its tax free in the USA. |
Re: Marry US guy and head full of tax questions !
You should be able to find a UK/US accountant who can advise on all of this. Given you have over a million USD on the line here, I think it makes sense to spend a % to get some good tailored advice.
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