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Where Taxpayers and Advisers Meet

Transferring money to US (for house purchase)

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jdaniels1973
Posts:1
Joined:Sun Jan 27, 2013 1:11 pm
Transferring money to US (for house purchase)

Postby jdaniels1973 » Sun Jan 27, 2013 1:17 pm

Hi,

I am wondering what the tax implications are (if any :) ) with moving money from my UK bank account to the US. I am looking to move too the US with my American wife, get an immigration visa and buy a house there. Can anyone enlighten? The amount would be between £25000 and £35000 approx.

Thanks,
Jonathan
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maths
Posts:8507
Joined:Wed Aug 06, 2008 3:25 pm

Re: Transferring money to US (for house purchase)

Postby maths » Mon Jan 28, 2013 6:35 pm

No UK tax issues from simply moving money from UK to USA.
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DavidTreitel
Posts:271
Joined:Thu Aug 16, 2012 4:31 pm

Re: Transferring money to US (for house purchase)

Postby DavidTreitel » Thu Jan 31, 2013 1:51 am

Your wife is hopefully already filing FBARs. Aside from that no issues.
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