As the move approaches, new info keeps cropping up
#1
Forum Regular
Thread Starter
Joined: Sep 2013
Location: Currently Cheshire in UK but soon to be an Expat....
Posts: 98
As the move approaches, new info keeps cropping up
So we are planning to move to Florida in January.
A career move for my wife and we have two young kids so not a retirement move.
As we keep getting into detail with our advisors we keep finding new info.
I won't be cleared for employment on my L2 visa for 90 days until I have applied for permission/clearance?
quote:
Spouses of L-1 individuals may make an application for employment authorization with USCIS once they are in the U.S. It generally takes 90 days to obtain the approval/Employment Authorization Card prior to working in the U.S.
Is it a given that I will get authorisation?
Our House.
It's up for sale, if we sell it before we move all well and good.
If we keep it empty until we sell it and it takes a while and we are then living in the US, Uncle Sam may want a share of the profits made for his tax funds.
If we rent it out again we will need to give uncle sam his share of the profits. as well as Her Majesty's taxman.
If we rent it and then love the USA so much that we sell it to buy in the USA Uncle Sam will definitely want to take a bite.
God it is a hard slog to do this move, both emotionally, practically and financially.. I hope its going to be worth it.
It's not that I've had 2nd thoughts, I think I am up to my 202nd thoughts!
A career move for my wife and we have two young kids so not a retirement move.
As we keep getting into detail with our advisors we keep finding new info.
I won't be cleared for employment on my L2 visa for 90 days until I have applied for permission/clearance?
quote:
Spouses of L-1 individuals may make an application for employment authorization with USCIS once they are in the U.S. It generally takes 90 days to obtain the approval/Employment Authorization Card prior to working in the U.S.
Is it a given that I will get authorisation?
Our House.
It's up for sale, if we sell it before we move all well and good.
If we keep it empty until we sell it and it takes a while and we are then living in the US, Uncle Sam may want a share of the profits made for his tax funds.
If we rent it out again we will need to give uncle sam his share of the profits. as well as Her Majesty's taxman.
If we rent it and then love the USA so much that we sell it to buy in the USA Uncle Sam will definitely want to take a bite.
God it is a hard slog to do this move, both emotionally, practically and financially.. I hope its going to be worth it.
It's not that I've had 2nd thoughts, I think I am up to my 202nd thoughts!
#2
Rootbeeraholic
Joined: Aug 2009
Location: Houston, Tx
Posts: 2,280
Re: As the move approaches, new info keeps cropping up
On the house - were you living in it in the UK? If you were then it was your main residence in the UK and you won't owe the UK any tax on its sale.
For the US - if you've lived in it for 2 out of the previous 5 years, then you have a $250k exclusion on the profit made on it ($500k for married couples) so unless you have made a massive gain on it, you shouldn't owe any tax on it either. The US value of the house is the price you sold it at (in USD at current xrate rate) minus the price you bought it at (in USD at the time of purchase) so it's the difference in USD between the bought and sold prices, rather than the profit in GBP converted into USD. As such, it's susceptible to xrate fluctuations so it may help or hinder.
For the US - if you've lived in it for 2 out of the previous 5 years, then you have a $250k exclusion on the profit made on it ($500k for married couples) so unless you have made a massive gain on it, you shouldn't owe any tax on it either. The US value of the house is the price you sold it at (in USD at current xrate rate) minus the price you bought it at (in USD at the time of purchase) so it's the difference in USD between the bought and sold prices, rather than the profit in GBP converted into USD. As such, it's susceptible to xrate fluctuations so it may help or hinder.
#3
Forum Regular
Thread Starter
Joined: Sep 2013
Location: Currently Cheshire in UK but soon to be an Expat....
Posts: 98
Re: As the move approaches, new info keeps cropping up
Hi BInk,
Thanks thats useful info and if its just on the profit we should be ok, thanks for putting my mind at rest.
Thanks thats useful info and if its just on the profit we should be ok, thanks for putting my mind at rest.
#4
BE Enthusiast
Joined: Mar 2010
Location: Oakland County, Michigan
Posts: 846
Re: As the move approaches, new info keeps cropping up
Regarding the L2, yes, once you arrive here you need to apply for an EAD, which generally takes about 90 days. As long as you fill in the paperwork correctly and provide them with the information they need, it will be granted. Mine took closer to 5 months to arrive though, the 90 days is not a hard deadline.
#6
Re: As the move approaches, new info keeps cropping up
Regarding the L2, yes, once you arrive here you need to apply for an EAD, which generally takes about 90 days. As long as you fill in the paperwork correctly and provide them with the information they need, it will be granted. Mine took closer to 5 months to arrive though, the 90 days is not a hard deadline.
It's been taking closer to 60 days for some people at the moment it seems, but still best to budget for it taking 90 days.
#7
BE Enthusiast
Joined: Mar 2010
Location: Oakland County, Michigan
Posts: 846
Re: As the move approaches, new info keeps cropping up
All infopass did for me was check the status of my request, which I could do myself online. I did submit an expedite request (cited financial hardship) and the EAD came through shortly afterwards but not sure if that was coincidence!
#8
Re: As the move approaches, new info keeps cropping up
As we keep getting into detail with our advisors we keep finding new info.
I won't be cleared for employment on my L2 visa for 90 days until I have applied for permission/clearance?
quote:
Spouses of L-1 individuals may make an application for employment authorization with USCIS once they are in the U.S. It generally takes 90 days to obtain the approval/Employment Authorization Card prior to working in the U.S.
I won't be cleared for employment on my L2 visa for 90 days until I have applied for permission/clearance?
quote:
Spouses of L-1 individuals may make an application for employment authorization with USCIS once they are in the U.S. It generally takes 90 days to obtain the approval/Employment Authorization Card prior to working in the U.S.
Is it a given that I will get authorisation?
Rene
#9
BE Forum Addict
Joined: Mar 2008
Location: Santa Cruz, CA
Posts: 4,913
Re: As the move approaches, new info keeps cropping up
You can start job hunting the day that you arrive, you just can't start work until you have your EAD.
Unless you have a job lined up and waiting for you (or you are very lucky) it is probably going to take you at least a couple of months to actually get a job offer.
Unless you have a job lined up and waiting for you (or you are very lucky) it is probably going to take you at least a couple of months to actually get a job offer.