UPDATES
US and UK tax laws are constantly being updated. We believe that clients should always be aware of changes that may affect them. We have therefore written a number of articles based on current legislation which may be of interest. This information should not be taken as full comprehensive advice and we highly recommend that you contact a PJD tax representative for more information.
COVID-19 Risk Assessment
Assessment completed by: Michele Pizzey, Director – michele@pjdtax.co.uk Date last updated: 29 June 2020 Date of next scheduled review: Ongoing – for 6th July opening to update actions Risk title Description & consequence Mitigation 1. Spread of COVID-19 in the firm This will result in multiple individuals becoming infected and possibly seriously or fatally ill […]
Can I Transfer Money to the UK?
Do you have money sitting in an offshore bank account and are you unsure if this can be transferred to the UK tax free? Find out if it can….
The beginners guide to US Taxation of Foreign Business Owners
US taxpayers need to be careful to avoid excessive tax charges when setting up a business outside of the US. Read on to find out more about these and the best way to minimize your exposure.
IRS Extends Filing Deadline due to COVID-19
In light of the current COVID-19 pandemic, the IRS have extended the filing and payment deadline for US taxpayers to July 15th, 2020
Capital Gains Tax on UK Residential Property
Individuals who owe capital gains tax on the sale of their UK residential property are now required to report and pay the tax within 30 days of completion. Read on to find out more.
TAX RELIEF FOR EXPATRIATING “ACCIDENTAL AMERICANS”
The IRS have recently published relief procedures for certain former citizens, subject to a few criteria. Read on to find out more…
Expatriation
All you need to know about Expatriation Tax. Contact us for more information.
Foreign Mortgage Gain
Are you a US taxpayer? Did you know that repaying a non-US Dollar denominated mortgage could result in a taxable foreign exchange gain on your US tax return? Read on to find out more.
Not GILTI, your Honour!
Are you aware of the new tax regime for 2018?! GILTI applies to US shareholders of foreign controlled corporations. Read on to find out more.
Tax-free remittances into the UK!
There is still time to take advantage of the relaxed remittance basis rules that will expire after 5th April 2019.