Re: Moving to US on E2 visa from UK - UK Personal Allowance
Originally Posted by Hotscot
(Post 12648641)
.... Personally I'd wait until I could do an EB-5. At least you'd get something useful.
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Re: Moving to US on E2 visa from UK - UK Personal Allowance
Thanks. I really am grateful.
I didn't mention your typos earlier. Thought it would be petty. |
Re: Moving to US on E2 visa from UK - UK Personal Allowance
Originally Posted by Hotscot
(Post 12648647)
Thanks.
I didn't mention your typos earlier. Thought it would be petty. |
Re: Moving to US on E2 visa from UK - UK Personal Allowance
:goodpost:
One of your best ones! |
Re: Moving to US on E2 visa from UK - UK Personal Allowance
Originally Posted by tom169
(Post 12648602)
You won't be a UK tax resident and so personal allowance is not applicable. |
Re: Moving to US on E2 visa from UK - UK Personal Allowance
Originally Posted by Mercury39
(Post 12648706)
Personal allowance still applicable https://www.gov.uk/tax-uk-income-liv...onal-allowance
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Re: Moving to US on E2 visa from UK - UK Personal Allowance
Originally Posted by christmasoompa
(Post 12648754)
That says if you're living in an EEA country? Geography never was my strong point, but I'm pretty sure the US isn't in Europe. :lol:
Citizen not living. |
Re: Moving to US on E2 visa from UK - UK Personal Allowance
Originally Posted by Mercury39
(Post 12648760)
I reading this "you’re a citizen of a European Economic Area(EEA) country - including British passport-holders"
Citizen not living. |
Re: Moving to US on E2 visa from UK - UK Personal Allowance
Originally Posted by christmasoompa
(Post 12648763)
Ah, good point. Although unless the OP won't be tax resident in the US (unlikely) it won't be relevant anyway.
However, none of this changes US tax and reporting on UK incone, assuming OP is resident for tax purposes. |
Re: Moving to US on E2 visa from UK - UK Personal Allowance
Originally Posted by Mercury39
(Post 12648706)
Whether it should be or not, I've got one. Inland Revenue allocated me a tax code accordingly. I'm trying to get them to record me as no longer UK resident for tax purposes but you try telling them they've got things wrong! :ohmy: |
Re: Moving to US on E2 visa from UK - UK Personal Allowance
Personal allowance should still be relevant and a Self Assessment would need to be completed for the rental income - you mention splitting it, so assume you both share 50/50 ownership. There is a section on the HMRC site that explains the process for your situation as I remember it, presumably so all the Russians who own property in Chelsea/Kensington know what to do with their income.
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