In this series of Insight videos and accompanying articles our US UK Private Client team explain some of the key tax considerations for US citizens living in the UK.

Family succession and transfer of wealth
HubSpot Video

Gifts and family succession planning

The transfer of wealth is an emotive topic and there are many non-tax considerations which need thought and attention before tax comes into the conversation. However, the tax constraints can help to focus the mind and identify the available options.

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US Trustees and their UK resident beneficiaries
HubSpot Video

What US Trustees and their UK resident beneficiaries need to know about UK tax

Trusts have long been a part of US estate and succession planning.They are important vehicles for protecting family wealth through the generations and can provide flexible solutions for families. Tax rules in relation to trusts and beneficiaries are complex in both the US and the UK, and there is an additional layer of complexity when considering the interaction between the two jurisdictions.

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The Problem with LLC's
HubSpot Video

If you live in the UK and invest in the USA, then beware of the US Limited Liability Company (LLC)

US LLCs are a type of private limited company. They offer investors limited liability and also have an attractive tax profile under the US Internal Revenue Code. This combination has resulted in LLCs being widely used in the USA as pooled investment vehicles. Such structures raise no issues for the investor who is resident in the USA. However, the picture can change dramatically in an international context.

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Green Card Tax Consequences
HubSpot Video

Green Card Tax Consequences

To set a common scenario: imagine that you moved to the US on assignment, it was only meant to be for a couple of years, but life has other plans; a great opportunity arises requiring you in the US for an indefinite period of time, or you meet someone that makes a longer stay in the US feel like a compelling option.

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Tax efficient investments
HubSpot Video

Tax efficient investments

Investments can become tax inefficient in cross-border situations, and there may be other surprises.

Most individuals with spare funds to invest will at some time have been involved in tax planning. Without doubt, this will have been done with the view to avoiding unnecessary taxes. Nevertheless, the activity in question will have taken place with acceptance by, and even encouragement from, the authorities in the country where the investor was living at the time.

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Expatriation and exit tax
HubSpot Video

Expatriation and exit tax

US citizens are subject to US taxation and reporting wherever they are resident in the world. Green Card holders are also subject to the same US income tax and reporting requirements as US citizens.

For those who have a second citizenship, they may choose to free themselves from their US status and tax filing obligations. US citizens can renounce their citizenship and Green Card holders can surrender their Green Card. Both of these routes are considered an expatriation for US tax purposes.

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You may also find of interest

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US/UK tax compliance and advisory services

Personal tax is one of the most complex areas of wealth management and can significantly erode your wealth over time.

When you are exposed to the competing international tax systems of the US and UK, this is made all the more complicated.

Blick Rothenberg is considered to be market leaders in the taxation of non-UK domiciled individuals and offshore trusts, as well as cross-border personal taxation.

We have a strong base of clients in the UK and a broad and longstanding international focus too, acting for a large number of non-UK domiciled individuals and international families.

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US Tax Books Blue_450x300

Confused by how US/UK tax rules might impact your business?

Many entrepreneurs find the US tax rules to be an impenetrable web of acronyms, jargon, and technical detail.

Our US UK Private Client team specialise in helping people like yourself to navigate the US and UK tax rules, cutting through the confusion, translating some of the key terms, and helping you understand how these rules affect your business.

We aim to provide practical advice and prepare your US tax return filings to ensure that you comply with the increased reporting required by the IRS for US entrepreneurs.

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Our expert team

RS836_John Bull - Partner 2-scr
Head of US/UK Private Client

John Bull

RS541_Sonya Rees - Director - US UK Tax-scr
Partner

Sonya Rees

RS743_Alex Straight - Partner 3-scr
Partner

Alex Straight

Ed Rieu - Scr
Partner

Ed Rieu

RS1025_Adam Rose - Partner 5-scr
Partner

Adam Rose

Contact Us

US/UK Private Client

Personal tax is one of the most complex areas of wealth management and can significantly erode your wealth over time.

Blick Rothenberg is considered to be market leaders in the taxation of non-UK domiciled individuals and offshore trusts, as well as cross-border personal taxation.

We have a strong base of clients in the UK and abroad and longstanding international focus too, acting for a large number of non-UK domiciled individuals and international families. We therefore understand the complexities that US citizens face when living, working and operating businesses in the UK.

Whether you are a start-up entrepreneur, a wealthy family with complex affairs, or a business executive, our dual-qualified team of tax advisers will look after your US UK personal tax affairs as well as those of your business.

If you wish us to contact you or want to discuss your situation please complete the form on this page and one of our team will be in touch.