Capital Gains Planning for American Art Collectors
Capital Gains Planning for American Art Collectors Across the US and UK Effective capital gains planning for American art collectors begins by treating artwork as a tax category in its own right. Sell a painting held long-term, and the US caps the federal rate at 28%, not the 20% that applies to shares, while the […]
Form 3520 Foreign Trust Guide for US-UK Clients
Reporting Foreign Trusts on Form 3520: What Wealthy US-UK Clients Should Know Form 3520, Foreign Trust Return, is the form a US person uses to report dealings with a non-US trust or a large gift from abroad. For wealthy US-UK families holding UK family trusts, will trusts, or offshore structures, filing them correctly protects you […]
 PFIC Planning C-Suite Expats: Beat the Trap
How C-Suite Expats Structure Investments to Escape the PFIC Trap For PFIC planning, C-suite expats, everything comes down to where the money sits. Non-US pooled funds — UK OEICs, unit trusts, investment trusts, and ISA funds — are treated as passive foreign investment companies by the IRS. Executives escape the trap by holding US-domiciled funds, […]
Streamlined Eligibility US Surgeons in Britain
Are US Surgeons in Britain Eligible for the Streamlined Foreign Offshore Procedures? Yes — most US-born and dual-citizen surgeons who have built a career in the United Kingdom can use the Streamlined Foreign Offshore Procedures to catch up penalty-free. Proving the streamlined eligibility US surgeons in Britain must satisfy rests on two pillars: genuinely non-wilful […]
Reduce Double Taxation: Authors With Royalties
How Authors With International Royalties Cut Double Taxation on Global Income Authors who earn across borders can legally reduce the double taxation they face by combining treaty withholding relief, foreign tax credits, and a totalisation certificate. The result: the same royalty amount, in pounds or dollars, is taxed once, not twice, and every reclaimable amount […]
FBAR Catch-Up Retired US Executives Abroad
FBAR Catch-Up for Retired US Executives Abroad: Years of Foreign Accounts, One Filing A retired American executive living overseas usually holds decades of foreign accounts that were never reported to FinCEN. The fix for FBAR catch-up for retired us executives abroad is a single coordinated filing that brings every delinquent year current at once, typically […]