UK/US Tax Adviser Recommendation
Jan 2nd 2016, 1:35 pm
#16
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Jan 2nd 2016, 11:16 pm
#17
Looking for tax advice!
Joined: Nov 2010
Location: Portsmouth, UK
Posts: 35
Jan 3rd 2016, 12:36 am
#19
Looking for tax advice!
Joined: Nov 2010
Location: Portsmouth, UK
Posts: 35
Re: UK/US Tax Adviser Recommendation
Jan 3rd 2016, 12:45 am
#20
Joined: Dec 2001
Location: Dixie, ex UK
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Re: UK/US Tax Adviser Recommendation
Jan 3rd 2016, 3:32 am
#21
Looking for tax advice!
Joined: Nov 2010
Location: Portsmouth, UK
Posts: 35
Re: UK/US Tax Adviser Recommendation
So buying a house in the US means I pay tax in the US on all of my other global income??
Jan 3rd 2016, 4:55 am
#22
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Re: UK/US Tax Adviser Recommendation
What US visa are you hoping to get?
Last edited by nun; Jan 3rd 2016 at 5:12 am.
Jan 3rd 2016, 7:10 am
#23
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Re: UK/US Tax Adviser Recommendation
Just to clarify for the sake of anybody reading, that no visa is required to buy in the US anyway. You need a visa to live in the property, but not to purchase it - anybody can buy property in the US without even visiting if they wish!
Jan 3rd 2016, 10:48 am
#24
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Re: UK/US Tax Adviser Recommendation
But as it is US sited real property any gain on sale would be subject to US income tax plus possibly UK CGT. On death the value of US situs real property is subject to US estate tax, which is why many NRAs do not buy property held in their own name, but would use a corporate structure instead.
Jan 3rd 2016, 1:36 pm
#25
Joined: Dec 2001
Location: Dixie, ex UK
Posts: 52,439
Re: UK/US Tax Adviser Recommendation
True, and moreover you can buy property in the US even if you are prohibited from entering the US!
Jan 3rd 2016, 5:29 pm
#27
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Jan 3rd 2016, 6:29 pm
#28
Joined: Dec 2001
Location: Dixie, ex UK
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Re: UK/US Tax Adviser Recommendation
And for numerous other tax adjustments that differ between countries, including but not confined to depreciation, inflation allowance, permissible capital cost adjustments, etc.
Jan 4th 2016, 1:01 am
#29
Looking for tax advice!
Joined: Nov 2010
Location: Portsmouth, UK
Posts: 35
Re: UK/US Tax Adviser Recommendation
I spoke to these people and they were very knowledgeable on both US and UK taxes. They are a bit spendy.
Helena Turner | Associate Director | US Tax and Financial Services Limited
Magdalen House, 136 Tooley Street, London SE1 2TU
Tel: +44 (0) 207 357 8220
US Tax and Financial Services Limited is a member of the US Tax & Financial Services Group Ltd. Group members have offices in London, Zurich, Geneva and Tel Aviv.
Please visit US Income Tax Services & Consultants | US Tax & Financial Services
Helena Turner | Associate Director | US Tax and Financial Services Limited
Magdalen House, 136 Tooley Street, London SE1 2TU
Tel: +44 (0) 207 357 8220
US Tax and Financial Services Limited is a member of the US Tax & Financial Services Group Ltd. Group members have offices in London, Zurich, Geneva and Tel Aviv.
Please visit US Income Tax Services & Consultants | US Tax & Financial Services
Jan 4th 2016, 1:08 am
#30
Looking for tax advice!
Joined: Nov 2010
Location: Portsmouth, UK
Posts: 35
Re: UK/US Tax Adviser Recommendation
I came across this site on the IRS/Treasury website where you can look up IRS qualified tax accountants in your country of choice.
http://irs.treasury.gov/rpo/rpo.jsf
If you select UK then leave the zipcode field blank it will list 380 tax preparers that you can scroll through. Most are located in London.
http://irs.treasury.gov/rpo/rpo.jsf
If you select UK then leave the zipcode field blank it will list 380 tax preparers that you can scroll through. Most are located in London.
