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.
Are you a US resident?
There are a number of ways an individual can get caught up in the US tax system. The most obvious of which is that, if you are a resident of the United States, then you will be exposed to US tax.
Becoming a UK Non-Resident
How do I become non-UK resident for tax purposes?
Do I have to pay tax on my rental income?
If you are recieving rental income in the UK, then it is more than likely that you will need to report this to HMRC. Read on to find out more.
US Federal Tax Return Filing Deadlines & Penalties
The deadline for filing your 2017 US Federal individual income tax return was April 17th, 2018. If you filed an extension or you qualify for an automatic extension, then there is still time to file your return before you start to incur any late filing penalties. This article summarises the important deadlines and penalties for US taxpayers
The Foreign Earned Income Exclusion
OK, so you are a US person and you live and work outside of the US. So the IRS allow you to claim a deduction for up to $102,100 of your non US earnings and also a part of your non US housing expenses on your Federal Tax Return, generous aren’t they! It’s a no brainer???
TAX SCAMS AND FRAUD
Have you recently received an email or message telling you that you are due a refund of tax? Wait! If you were not expecting a refund then this is likely to be fraud. Paul Devonshire explains how to spot the scams.
NET INVESTMENT INCOME TAX
What is NIIT? Read on to find out more.
ARISING BASIS VS REMITTANCE BASIS
Is claiming the remittance basis always the best option? This article discusses the benefits of claiming the remittance basis of taxation verses reporting worldwide income and gains.
UK CAPITAL GAINS TAX
This article briefly explains the calculation of UK capital gains tax.
PRINCIPAL PRIVATE RESIDENCE RELIEF (PPR) – UK TAX
Principal Private Residence relief allows you to claim tax relief in the UK against the gain made on the sale of your main home. On the basis that you have occupied the property for the entire period of ownership then the gain will always be tax-free. Read on to find out if you are eligible for PPR relief.