Expats Face Tax Hike

Sandy King
Uncategorized

As many as 400,000 expats could be affected Couples could see their tax bills rise by up to £4,000  Property owners living abroad could be hit Changes to tax rules could force some to rethink their retirement plans abroad.   PUBLISHED: 09:18 EST, 12 August 2014 | UPDATED: 11:08 EST, 12 August 2014 Thousands of expats are facing a… continue reading »

Will I pay US Tax on my UK Tax Free portion?

Sandy King
Uncategorized

According to expert opinion – however, you are advised to consult a CPA on this matter.    Under the Treaty between UK and USA the “Pensions Article” 17.1, Sub-paragraph (b), determines the tax treatment of pension distributions.  Article 1.4 (the Savings Clause) – which might otherwise cause US citizens to be assessed for tax on the… continue reading »