This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. To find out more about cookies on this website and how to delete cookies, see our Cookie Policy.
Analytics

Tools which collect anonymous data to enable us to see how visitors use our site and how it performs. We use this to improve our products, services and user experience.

Essential

Tools that enable essential services and functionality, including identity verification, service continuity and site security.

Where Taxpayers and Advisers Meet

Search found 213 matches

Go to advanced search

by DavidTreitel
Fri Jun 08, 2018 8:46 pm
Forum: Inheritance Tax, IHT, Trusts & Estates, Capital Taxes
Topic: Complex inheritance tax
Replies: 3
Views: 875

Re: Complex inheritance tax

A deed of variation has no effect for US purposes. The key question here is whether brother was considered domiciled within the United Kingdom. What do the client's US and UK lawyers advise?
by DavidTreitel
Fri Jun 08, 2018 8:44 pm
Forum: PAYE and Payroll Taxes, National Insurance, NICs
Topic: New Job - Confusing tax situation
Replies: 2
Views: 1278

Re: New Job - Confusing tax situation

As you will be providing personal service income in the United States the employer will need to withhold US Federal and/or State tax on US source wages. Is this organised? Can your employer share with you the advice they have obtained on these issues?
by DavidTreitel
Tue May 22, 2018 10:53 pm
Forum: International Tax
Topic: Totalization Agreement clarification
Replies: 2
Views: 894

Re: Totalization Agreement clarification

Totalisation agreements work on the basis of coverage. It would seem sensible to file amended US returns for each of the past 3 years claiming refunds from the IRS. If there were other mistakes such as omitted FBARs, PFICs, 8938s, 5471s etc she may want to use the IRS `streamlined procedures to mini...
by DavidTreitel
Mon May 21, 2018 9:19 am
Forum: International Tax
Topic: No expatriation tax on company shares when leaving the UK?
Replies: 3
Views: 1095

Re: No expatriation tax on company shares when leaving the UK?

If (as seems likely) the Delaware corp is UK resident you may want some advice on corporate tax residence issues on exporting the residence of the entity.
by DavidTreitel
Mon May 07, 2018 1:20 pm
Forum: International Tax
Topic: Tax on Canadian Investments
Replies: 3
Views: 962

Re: Tax on Canadian Investments

Why do you believe all of the gains qualify for the UKs CGT exemption? Are any investments in mutual funds and ETFs held in UK reporting or non-reporting funds?
by DavidTreitel
Thu May 03, 2018 6:39 pm
Forum: Income Tax
Topic: Is FX an allowable cost?
Replies: 8
Views: 1481

Re: Is FX an allowable cost?

Case law is clear for CGT that one use a spot rate. There is no case law stating which spot rate. Is it an average trading day rate, an end of day rate, an Interbank rate, a cash equivalent rate (which is what the IRS in the United States accept), a buy rate, a sell rate etc? In the absence of case ...
by DavidTreitel
Tue Apr 17, 2018 7:30 pm
Forum: Income Tax
Topic: I haven't paid book sales tax for years. What should I do?
Replies: 6
Views: 965

Re: I haven't paid book sales tax for years. What should I do?

Refunds in the United States have a 3 year statute of limitations to claim. You'll want to start applying for an ITIN and filing US tax returns soon if you want some of the US withholding refunded.
by DavidTreitel
Thu Apr 05, 2018 9:23 pm
Forum: Capital Gains Tax, CGT
Topic: Selling an American property
Replies: 2
Views: 673

Re: Selling an American property

From a US tax perspective you have an obligation to file US tax returns by 15 June 2018. Our firm has helped hundreds of people in these circumstances and would be pleased to assist. If there is US tax payable it can be claimed as a credit in the UK. With kind regards David Treitel | Managing Direct...
by DavidTreitel
Thu Apr 05, 2018 9:20 pm
Forum: Inheritance Tax, IHT, Trusts & Estates, Capital Taxes
Topic: Inheritance tax from US??
Replies: 2
Views: 688

Re: Inheritance tax from US??

As the first IRS ITIN Acceptance Agent in the UK back in the year 2000 our firm has helped hundreds of clients successfully obtain ITINs and reclaim US tax in identical circumstances. With kind regards David Treitel | Managing Director | American Tax Returns Ltd The Old Exchange, 12 Compton Road, Lo...
by DavidTreitel
Thu Apr 05, 2018 9:17 pm
Forum: International Tax
Topic: Double taxation relief with USA
Replies: 5
Views: 1172

Re: Double taxation relief with USA

Mike - US returns for Americans in the UK are decently complex. Delighted to assist. Feel free to contact me. With kind regards David Treitel | Managing Director | American Tax Returns Ltd The Old Exchange, 12 Compton Road, London, SW19 7QD Tel: 020 3542 6330 Email: david.treitel@americantaxreturns....

Go to advanced search