Resources
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.
FX Considerations on Sale of Foreign Assets
This article discusses how the exchange on the date of purchase and sale of a foreign asset can affect the size of a gain in a local currency.
Tax treatment of Restricted Shares for Americans in the UK
This article briefly discusses restricted share awards received by US taxpayers working in the UK and the availability/advantages of the Section 83(b) and Section 431 elections.
Good Housekeeping – make use of your losses
This article briefly discusses how best to utilise unused passive activity losses on a US tax return.
Taxation of US Stock Option Plans
This article discusses stock options given to an employee of a US company.
Restricted Shares
Restricted shares (although it can be any property) are awarded in connection with your job in addition to cash and other benefits and payments. There are UK and US income tax consequences if you receive these awards.
UK Taxation of US Pensions (for non-US citizens and residents)
This note (briefly) covers the tax situation of a UK resident who receives US pension income. This deals with non-US taxpayers and therefore, if you are a US citizen or resident, this is not for you.
Social Security Pensions – International
This note attempts to provide basic guidance on the availability of social security pensions and associated international issues.
Residence and Domicile
This is a brief and simplified interpretation of the rules to determine UK residence and domicile status.
Tax Treaties – The Basics
Tax treates allow individuals avoid double taxation on foreign sources of income. Read on to find out more about how and when they are applied…
Do I need to file Form 8938?
Some US taxpayers may be required to file Form 8938 if certain criteria and thresholds are met. Read on to find out more…