US Revocable Living Trusts and HMRC’s Trust Registration Service (TRS)
Individuals who are living in the UK and hold their assets in a US revocable living trust will, in many...
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10 TALKING POINTS ON BIDEN’S US TAX REFORMS
Following the passing of President Biden’s infrastructure plan attention in Congress will be turning towards a budget reconciliation that is expected to include the administrations proposed tax reforms.
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Understanding the Relief Procedures for Certain Former US Citizens
In September 2019, the IRS announced new relief procedures to support former US citizens to come back into compliance with their US tax filing obligations and avoid any potential “Exit tax”.
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Read onCoronavirus (COVID-19) Tax implications for the UK
Read onInheritance tax for non US citizens
Whilst resident and non-resident aliens may reside in the US indefinitely, upon their death, their estates may face unforeseen deductions...
Read on10 things you need to know about expat taxes
Read onThe mismatch in UK and US taxation of rental property income
Changes to the UK taxation of rental property are increasing the taxes on an individual’s rental and for US persons,...
Read onThe US taxation of a mortgage foreign exchange gain
For US tax payers living overseas, the redemption, re-arrangement or capital repayment on a mortgage that is not denominated in...
Read onExpatriation: More Americans renounce US citizenship but why?
A record number of Americans renounced their US citizenship last year, what we call expatriation, but should this be surprising,...
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