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-   -   UK Endowment Mortgage (https://britishexpats.com/forum/usa-57/uk-endowment-mortgage-709852/)

cpe111 Mar 18th 2011 2:00 pm

UK Endowment Mortgage
 
I had an endowment mortgage in the UK that is shortly about to mature. I no longer have my house in the UK but do have one in the US.

Can any one tell me if the mortgage payoff is taxable?

thanks

celticgrid Mar 18th 2011 3:48 pm

Re: UK Endowment Mortgage
 
See http://britishexpats.com/forum/showthread.php?t=704697

And if you figure it definitively please let us know.

dunroving Mar 18th 2011 7:27 pm

Re: UK Endowment Mortgage
 

Originally Posted by cpe111 (Post 9248342)
I had an endowment mortgage in the UK that is shortly about to mature. I no longer have my house in the UK but do have one in the US.

Can any one tell me if the mortgage payoff is taxable?

thanks

I think the short answer is "Yes". The long answer is figuring out how much of it is taxable and at what rate.

[And an alternative answer is "Endowment? What endowment?"] ;)

Ray Mar 19th 2011 3:41 am

Re: UK Endowment Mortgage
 
It will be paid into a UK bank account ... presumably

hope you dont forget about it ... no one else will know about it


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