July 2017

The mismatch in UK and US taxation of rental property income

Posted on July 26th, 2017 / Individual, Property Tax, UK & US Taxes, UK Tax, US Tax

Changes to the UK taxation of rental property are increasing the taxes on an individual’s rental and for US persons, taking the UK and US tax treatment further apart. The UK will now only allow limited tax relief for mortgage …

The US taxation of a mortgage foreign exchange gain

Posted on July 10th, 2017 / Individual, US Tax

For US tax payers living overseas, the redemption, re-arrangement or capital repayment on a mortgage that is not denominated in USD can result in gains being realised and US tax becoming due with their Federal tax return. This is because …

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