US & UK Tax Articles

TAX • RESIDENCY • LEAVING THE UK Summary: Leaving the UK does not automatically end your UK tax exposure. HMRC continues to tax certain income even after departure. Many people wrongly assume that becoming non-resident means paying no UK tax, but the rules are stricter than expected. Split-year treatment does not exempt income earned before departure UK companies may still create UK dividend tax liabilities Rental income and UK situs assets remain taxable in the UK Who This Applies To This guidance applies to individuals who are permanently leaving the United Kingdom, have ended full-time UK residence, or plan to work and live overseas for the foreseeable future. It includes employees, contractors, directors, landlords, shareholders of UK companies, and people with retained property income or investments still situated in the UK. Understanding UK Exit Tax Rules Leaving the UK does not create a formal “exit tax” in name, but HMRC applies a series of ...

  Summary: Moving abroad or coming back to the UK can trigger unexpected tax bills. This guide explains how HMRC decides your residence, what income remains taxable, and how to claim tax refunds when leaving the UK. Learn how the Statutory Residence Test (RDR3) determines your tax status Find out what income stays taxable under UK law after you leave Discover how to claim refunds and avoid HMRC penalties Context: Who This Applies To This guide is for anyone leaving or returning to the United Kingdom — especially landlords, company directors, and digital nomads. Whether you’re retiring abroad, working full-time overseas, or moving back after a few years away, your UK tax position changes the moment your residence status changes. Understanding the Rules The UK tax year runs from 6 April to 5 April . Your UK residence status is determined by HMRC’s Statutory Residence Test (RDR3) , introduced by Finance Act 2013 Schedule 45 . It looks at how many days you spend in the UK...

  TAX • CROSS-BORDER • 2025 Summary: British buyers of US property face dual-jurisdiction tax exposure — the IRS taxes the US sale, and HMRC taxes the worldwide gain. US Realtors need cross-border planning support to avoid FIRPTA withholding traps, double taxation, and legal liability risks. IRS requires 15% FIRPTA withholding on property sales by non-US persons Buying via an LLC or C-Corp helps shield personal wealth from lawsuits HMRC taxes foreign property income and gains — with treaty relief possible Context: Who This Applies To This guidance is for US-based Realtors representing British clients purchasing or selling US real estate. These clients are typically: UK investors diversifying into Florida, Texas, or Arizona rentals British expats relocating to the US for work or retirement Dual-citizens managing homes in both the UK and US Why Legal Structure Matters In the US, litigation is common. Realtors advising foreign buyers mus...