.png)
.png)
Tax considerations for US citizens working or residing in the UK
KEY POINTS
- Increasing internationalisation of clients means that advisers must be more aware.
- US crackdown on undeclared offshore accounts.
- The US tax implications of UK investments.
- The importance of accurate and prompt completion of FinCEN form 114.
- The Foreign Account Tax Compliance Act imposes new reporting obligations on foreign financial institutions.
As UK tax practices become more international advisers require a good idea of the non-UK tax issues that apply to their clients. For most taxpayers exposure to US tax rules is a distant “nightmare” scenario.
However as taxpayers’ affairs also become more international – or an adviser discovers that one of their taxpayers has a green card passport or other links to the US – they must grapple with aspects of US taxation.
The US...
Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this item in full.
Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.
