US & UK Tax Articles

 Relocating from the UK to the United States involves synchronising two very different systems of tax, immigration status, and residency determination. This guide provides a corrected, fact-checked overview based on guidance from HMRC, IRS, USCIS, and U.S. state tax authorities as of late 2025. UK Residence: When Do You Stop Being Tax Resident? The UK uses the Statutory Residence Test (SRT) to determine tax residency. If you leave mid-tax year, you may qualify for split-year treatment . This means only part of your income is taxed in the UK, and you must report it via Self Assessment. UK rental income remains taxable in the UK after you move. Other UK-source income, such as interest or dividends, may be classified as  disregarded income  for non-residents and may not be subject to UK tax. US Immigration Status: What You Can and Cannot Do Your immigration status governs what you may lawfully do in the US—not the number of days present. Visitors under ESTA or B-1/B-2...

  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...