Discussion
Hi all,
Can any of you recommend a good personal tax specialist who could advise on US/UK taxes?
Long version:
My partner is a US citizen based here with work. She's going back towards the end of next year, and we're thinking about getting married first, at which point I can apply for a spousal visa. My employer is a UK company which has a US company too, I could transfer to that at any point. I'll be resident in the UK for some time for family reasons, but want to figure out what's the most tax-efficient and visa-compliant option for which company employs me, where I get paid, and where I therefore need to file tax returns bearing in mind the double taxation treaty.
Can any of you recommend a good personal tax specialist who could advise on US/UK taxes?
Long version:
My partner is a US citizen based here with work. She's going back towards the end of next year, and we're thinking about getting married first, at which point I can apply for a spousal visa. My employer is a UK company which has a US company too, I could transfer to that at any point. I'll be resident in the UK for some time for family reasons, but want to figure out what's the most tax-efficient and visa-compliant option for which company employs me, where I get paid, and where I therefore need to file tax returns bearing in mind the double taxation treaty.
Thanks Jeff!
As she's in the US forces here at the moment, I read there may be a way of getting the visa stamped on base - although travelling to the US isn't a problem for that anyway. She has to go back late next year, I may be moving between US and UK for a while after that due to family committments.
Would I need to make an FBAR filing for my pension and ISA though? Or only when a US resident? It looks like US taxes are lower, so during the time when I'm moving around I'd like to find the most tax-efficient way to do it. I'm not entirely sure I can work out what that is!
As she's in the US forces here at the moment, I read there may be a way of getting the visa stamped on base - although travelling to the US isn't a problem for that anyway. She has to go back late next year, I may be moving between US and UK for a while after that due to family committments.
Would I need to make an FBAR filing for my pension and ISA though? Or only when a US resident? It looks like US taxes are lower, so during the time when I'm moving around I'd like to find the most tax-efficient way to do it. I'm not entirely sure I can work out what that is!
I'm not wealthy by any means - above average salary but not much other wealth except pension savings.
We're looking at North Carolina, 0.86% property tax, so not far off what the council tax we're paying at the moment. It seems there's a 3% vehicle tax when title is transferred. State income tax is 5.57%, so total tax 25%. Not bad
So, with a US visa and address, I could get paid and pay tax in the US but still spend much of my time in the UK?
We're looking at North Carolina, 0.86% property tax, so not far off what the council tax we're paying at the moment. It seems there's a 3% vehicle tax when title is transferred. State income tax is 5.57%, so total tax 25%. Not bad
So, with a US visa and address, I could get paid and pay tax in the US but still spend much of my time in the UK?
We got engaged on Saturday , so I guess it’s happening! Yes, spousal visa will be the entry route, the inter company transfer would be to get paid in the US rather than for a visa. And yes, I think it may get complicated, which is why I asked fir recommendations for a tax specialist in my OP
NNH said:
mr_spock said:
We got engaged on Saturday , so I guess it’s happening! Yes, spousal visa will be the entry route, the inter company transfer would be to get paid in the US rather than for a visa. And yes, I think it may get complicated, which is why I asked fir recommendations for a tax specialist in my OP
Congratulations!I'm a Brit married to an American, living in the US on a spousal Green Card. Your immigration issues are more important and more complicated than your tax affairs IMHO.
- If you suggest to the US visa authorities that you're not planning to live full time in the USA, they won't grant you entry.
- If you "abandon" your US residency, your Green Card may be forfeited (guess who learned this one back in 2012)
- If you have a Green Card, you'd be very wise to file US taxes even if living elsewhere
- If you move to the US on a spousal Green Card, you get fast-tracked citizenship in 3 years. This is probably going to make most sense for you, as it lets you live outside the US after you become a citizen without any problems
Feel free to PM if I can help.
Thanks guys. The capital gains on the house won't hit me as there's no way I'll pass the 250K increase mark, and I'm not planning to sell anyway for a while. The house is only worth 375 on a good day so that would be a pretty big increase.
It looks like my income tax would be offset in whichever direction applies depending on where I work and which company I decide to be in, but I will contact the company recommended earlier nearer the time.
It looks like my income tax would be offset in whichever direction applies depending on where I work and which company I decide to be in, but I will contact the company recommended earlier nearer the time.
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