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Where Taxpayers and Advisers Meet

Search found 213 matches

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by DavidTreitel
Thu Feb 14, 2013 10:20 pm
Forum: International Tax
Topic: DTAs - good or bad?
Replies: 1
Views: 564

Re: DTAs - good or bad?

DTAs exist alongside numerous other laws.

One is required to be respectful of laws whether one is a taxpayer or a tax adviser.

If one disagrees with any particular law or body of law one can and should exercise one's democratic rights including lobbying one's MP and using the right to vote.
by DavidTreitel
Thu Feb 14, 2013 1:52 am
Forum: International Tax
Topic: USA - request withholding or not?
Replies: 2
Views: 557

Re: USA - request withholding or not?

The $7,000 is taxable under US domestic law - you might be able to argue exemption from US tax under the treaty; but for now I would elect withholding and think further about UK and US consequences before you file your own tax returns in both countries.
by DavidTreitel
Sun Feb 10, 2013 11:05 pm
Forum: International Tax
Topic: Moving to US
Replies: 3
Views: 928

Re: Moving to US

The reply from etf is only correct if: 1. The individual was UK resident in the first place and 2. The split year concession is used. We do not know that from the question. It is generally useful to use a dual US/UK qualified adviser to ensure that the optimum answer overall is achieved between all ...
by DavidTreitel
Sat Feb 09, 2013 9:45 pm
Forum: International Tax
Topic: Moving to US
Replies: 3
Views: 928

Re: Moving to US

Great question, but insufficient facts. From a UK perspective the individual is either UK resident the entire year, non-UK resident the entire year or claims the split year concession. Which one applies will depend on the facts. Separately from a US perspective the individual may be resident, dual s...
by DavidTreitel
Sat Feb 02, 2013 1:35 am
Forum: International Tax
Topic: W8Ben Assistance
Replies: 2
Views: 675

Re: W8Ben Assistance

Have you asked your bank how they propose to classify the entity under FATCA?
by DavidTreitel
Thu Jan 31, 2013 1:51 am
Forum: International Tax
Topic: Transferring money to US (for house purchase)
Replies: 2
Views: 690

Re: Transferring money to US (for house purchase)

Your wife is hopefully already filing FBARs. Aside from that no issues.
by DavidTreitel
Sun Jan 27, 2013 12:08 am
Forum: Capital Gains Tax, CGT
Topic: Moving to the US and need to sell my flat
Replies: 5
Views: 1134

Re: Moving to the US and need to sell my flat

The United States may tax both rental income and capital gains on sale of a main residence. It is prudent to take coordinated US and UK tax advice to minimise tax overall.

david.treitel@americantaxreturns.co.uk
by DavidTreitel
Sun Jan 27, 2013 12:06 am
Forum: International Tax
Topic: UK non resident - work in UK
Replies: 3
Views: 1088

Re: UK non resident - work in UK

He doubtless has to file in the United States for 2012 so should take US tax advice as well as UK.

david.treitel@americantaxreturns.co.uk
by DavidTreitel
Sun Jan 27, 2013 12:03 am
Forum: Income Tax
Topic: moving to UK from US. -tax liable?
Replies: 1
Views: 483

Re: moving to UK from US. -tax liable?

This depends on various factors including what you are doing and how long you will be here.

There may also be an impact on your 2012 US return.

david.treitel@americantaxreturns.co.uk
by DavidTreitel
Sun Jan 27, 2013 12:02 am
Forum: Income Tax
Topic: Been Living Abroad 3 years already and paying UK taxes
Replies: 3
Views: 706

Re: Been Living Abroad 3 years already and paying UK taxes

Do not overlook that as you a US citizen you are required to file annual US income tax returns and FBARs.

It would be prudent to coordinate your US, UK and Polish taxation so that you end up with an optimum position overall.

David Treitel
david.treitel@americantaxreturns.co.uk

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