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Where Taxpayers and Advisers Meet

Search found 5 matches

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by ukblairs
Sat Jan 02, 2010 4:06 pm
Forum: International Tax
Topic: US Citizen Retiring in England
Replies: 19
Views: 12060

Re: US Citizen Retiring in England

Thanks for the explanation of the CGT on currency transactions. I don't think this will be a problem. My Air Force pension is direct deposited into a Lloyds TSB ofshore £ Sterling account which I use for my living expenses in England. My City pension is direct deposited into a US bank in $ dollars. ...
by ukblairs
Sat Jan 02, 2010 12:05 am
Forum: International Tax
Topic: US Citizen Retiring in England
Replies: 19
Views: 12060

Re: US Citizen Retiring in England

So, if I understand everything correctly: As per Article 19 para 2, my Air Force pension and my City of Manchester NH, USA pension are taxable in the US but not in the UK. As per Article 17 para 3, my US Social Security benefits, when I decide to collect them, will be taxed by the UK but not the US....
by ukblairs
Fri Jan 01, 2010 9:24 pm
Forum: International Tax
Topic: US Citizen Retiring in England
Replies: 19
Views: 12060

Re: US Citizen Retiring in England

I don’t think I made myself clear. My Manchester pension is from Manchester, NH, USA, not Manchester England. As such it should be taxable in the USA and not in the UK.

John
by ukblairs
Fri Jan 01, 2010 7:19 pm
Forum: International Tax
Topic: US Citizen Retiring in England
Replies: 19
Views: 12060

Re: US Citizen Retiring in England

Ian, I have reread the USA/UK Tax Treaty along with a Department of the Treasury Technical Explanation of the Treaty and now agree that my Social Security benefits will be subject to UK taxes, but not US taxes IAW Article 17 paragraph 3. However, my US Air pension and possibly my City of Manchester ...
by ukblairs
Fri Dec 18, 2009 6:46 pm
Forum: International Tax
Topic: US Citizen Retiring in England
Replies: 19
Views: 12060

US Citizen Retiring in England

I am a US citizen, my wife in a British citizen. After 26 years of being the "resident alien" my wife decided it was time for us to retire in England. My father and mother were born in the US and I was born and have been a legal resident of NH in the US for 62 years (all my life). In July 2009 we so...

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