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| Shahzad wrote: - quote - > My question relates to the tax implications of transfer to
Assuming you have not made a joint election with your spouse> my wife. > I'm a UK citizen and my wife is a US citizen. We are based > in London. > I have recently sold some London property and have paid any > capital gains tax required by UK law. > My question is basically what is the best, least taxable way > to transfer this money over to the States in preparation for > a move back. > I am currently a non-resident alien. to be treated as a US resident alien so that you could file a married joint tax return in the US, your gain on the sale of the property is not US source income and is not subject to US income tax. If you want to know how you can transfer your funds from Bank A in the UK to Bank B in the US, you can arrange for either Bank A or Bank B to handle the transfer. There are no income tax consequences of the transfer. -- Alan http://taxtopics.net << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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| My question relates to the tax implications of transfer to my wife. I'm a UK citizen and my wife is a US citizen. We are based in London. I have recently sold some London property and have paid any capital gains tax required by UK law. My question is basically what is the best, least taxable way to transfer this money over to the States in preparation for a move back. I am currently a non-resident alien. Many thanks. << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
| Tags |
| money, transfer |
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