USA Tax Year
Jul 5th 2017, 11:58 pm
#1
Just Joined
Thread Starter
Joined: Jul 2017
Posts: 1
USA Tax Year
Hi
Can anyone help with the different tax years in the US and UK ?.
I live in the US and plan to sell a property in the UK, so I believe the UK will want the tax and I would file the foreign tax form with the US to avoid double taxation.
The issue is that with the different tax years I must file the US return before the UK tax year finishes, so I cannot see how to pay the UK first.
Can anyone help with the different tax years in the US and UK ?.
I live in the US and plan to sell a property in the UK, so I believe the UK will want the tax and I would file the foreign tax form with the US to avoid double taxation.
The issue is that with the different tax years I must file the US return before the UK tax year finishes, so I cannot see how to pay the UK first.
Jul 6th 2017, 12:46 am
#2
BE Forum Addict
Joined: Mar 2015
Location: NC, USA (ex Yorkshire)
Posts: 4,375
Re: USA Tax Year
Warning, I've not got any experience of this and there may be a more elegant solution.
With that said, you could file an extension with the IRS to go past the UK tax year.
With that said, you could file an extension with the IRS to go past the UK tax year.
Jul 6th 2017, 12:47 pm
#3
BE Enthusiast
Joined: Nov 2012
Posts: 902
Re: USA Tax Year
You may have some UK tax withheld as a UK non-resident. The rest you can (and should) pay to HMRC by 31 December of the year of sale.
