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UK Endowment Mortgage

UK Endowment Mortgage

Old Mar 18th 2011, 2:00 pm
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Default 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
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Old Mar 18th 2011, 3:48 pm
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Default Re: UK Endowment Mortgage

See http://britishexpats.com/forum/showthread.php?t=704697

And if you figure it definitively please let us know.
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Old Mar 18th 2011, 7:27 pm
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Default Re: UK Endowment Mortgage

Originally Posted by cpe111 View Post
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?"]
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Old Mar 19th 2011, 3:41 am
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Default 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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