If you are a US connected individual, you will likely have a requirement to file tax returns with the IRS and comply with US tax rules, regardless of where you are physically resident. This means that US citizens living around the world need to have a clear understanding of their financial position and often need help navigating the reporting requirements and tax rules. We have expertise in helping UK residents with US tax reporting requirements and are here to help!
As a US taxpayer resident in the UK, there will be tax reporting requirements in both jurisdictions, potentially global in both cases and sometimes with conflicting rules. The complexity of these rules and the administrative burden is not only challenging for individuals but has led to many UK financial services businesses being deterred from working with US citizens and US businesses to close accounts for UK residents.
At Partners Wealth Management, our experienced advisers are able to guide you through the rules and help you to invest compliantly and efficiently for both jurisdictions. Our service includes oversight of both your UK and US assets so that you have a coordinated strategy and can optimise your tax position using all the tools available.
For an introductory meeting without obligation, please contact Partner and Head of PWM International, Nathan Prior.
For further information on how we can help you build and protect your wealth, please contact us.