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.
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….
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.
NON-REPORTING FUNDS
If you are a UK taxpayer claiming the remittance basis and you are approaching your 8th tax year of UK residence then you should consider the tax efficiency of your worldwide investments before they become subject to UK tax. Certain collective investment arrangements held outside of the UK can recieve punitive tax treatment.
NOT THE “PFIC” SOLUTION TO YOUR INVESTMENT CHOICES?
As a US citizen, green card holder, or US resident you are required to report your worldwide income on your US Federal tax return. For Americans living outside of the US, or non-US nationals who have moved into the US, your investment portfolio will most likely include non-US investments. Understanding the US tax treatment of these foreign investments will help you better-structure your investment choices, and limit your exposure to draconian US taxes.