Read our articles to keep up to date with the latest legislation, which will help you save tax.
Stamp Duty Land Tax (SDLT) may be cheaper when purchasing a mixed-use property rather than when purchasing a residential property due to the non-residential element. A mixed-use property incorporates both residential and non-residential use. Non-residential rates as applied to mixed-used properties are considerably lower than residential rates
Simon Misiewicz | 12 Mar 22
Learn moreWhat are the basics of C Corporations in the United States? Corporations have been established for over 500 years as a legitimate way to limit their owners’ personal liability and to encourage business investment. Under US law, a C Corporation is an entity that is taxed separately from its owners. Most companies are treated as […]
Simon Misiewicz | 9 Mar 22
Learn moreWhat is capital gains tax in the United States? Capital gains tax in the United States payable to The IRS is a tax applied to the profits made from the sale of an asset. Capital gains tax is only payable once the asset has been sold. The capital gains tax paid depends on different factors, […]
Simon Misiewicz | 9 Mar 22
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Simon Misiewicz | 9 Mar 22
Learn moreAs UK/US ex-pat tax experts, we know that buying an investment property in the USA can be a daunting prospect. This certainly applies to many of our clients looking to buy one or more properties as investments. The first and foremost question that many of our clients ask is ‘Can foreigners buy investment property in […]
Simon Misiewicz | 9 Mar 22
Learn moreYou can see how to file a 1040 tax return using the decision tree that was created by the IRS to help taxfilers understand the bascis There are different ways that you can file a US tax return and it very much depends on the tax status of the individual according to the IRS […]
Simon Misiewicz | 8 Mar 22
Learn moreWhat are the basics of Tax Deductions & Tax Credits? As UK/US tax specialists, we appreciate that it can be time-consuming and difficult to understand the basics of Tax Deductions and Tax Credits. There are different reasons to apply for Tax Deductions compared to Tax Credits, and it is important to get the right tax […]
Simon Misiewicz | 8 Mar 22
Learn moreAn ITIN is used for British Expats to submit a 1040 tax return to the IRS in the united states. You will need to submit a 1040 tax return to the IRS as a British citizen if: – You have taxable income in the US irrespective if you live there or not – You are […]
Simon Misiewicz | 8 Mar 22
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