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News – 18.11.24

International Men's Day - breaking the silence around men's mental health

International Men's Day - breaking the silence around men's mental health … Read more

Insight – 20.11.24

A change in US Presidency: How might it affect your finances?

In this article, we explore the potential economic and financial impacts of Donald Trump's return to power. … Read more

Upcoming event – 10.12.24

Funding innovation in the technology sector: Are the government doing enough?

Join us for an exclusive roundtable breakfast to explore the question of whether the government are doing enough to support innovation in the technology sector. … Read more

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130 Wood Street, London, EC2V 6DL
enquiries@buzzacott.co.uk T +44 (0)20 7556 1200

US tax

The UK and US tax systems are not the easiest of bedfellows. But that doesn’t mean you can’t get the best from both sides. We care about making your tax affairs run smoothly. The end result: you pay the right amount to the right taxman at the right time. Everyone’s happy.

Are you a US taxpayer living in the UK?

Perhaps you're moving to or from the States? If so, deciding how best to manage cash flow, protect your wealth and tick all the compliance boxes are issues that could cause you real problems if not approached properly.

Our team of over 55 dual-qualified UK and US tax experts work under one roof and have an intricate understanding of both tax systems. Tell us your story and together we’ll assess your liabilities to tackle any issues before they become an issue.

We can help you with:

UK and US Federal & State tax returns
UK/US tax compliance, reporting and planning
Residency and domicile issues
Expatriation
Moving to/from the US
FATCA/CRS
International pension planning

Cross border trusts, estates and gifts
UK/US divorce tax
Mixed fund analysis
Personal investments
UK/US share schemes tax
Dual UK/US qualified charities
The Streamlined program

Stepping Stones

If you’re a US citizen living in the UK or you’re planning to move here, there will be a number of important life stages that you will need to plan for. With a good plan you’ll be ready for any challenge or opportunity life might throw at you while you’re in the UK. Take a look at our Stepping Stones series of videos, podcasts, articles and guides to help you understand each area in more depth no matter where you currently are.

Trusts with a US connection

Are you a settlor, trustee or beneficiary of a trust with a US connection?

Whether there's an existing US connection or there will be a connection in future, discussing the potential US tax issues upfront is important in managing the risk of US tax and US informational reporting requirements. Our trust experts have helped settlors, trustees or beneficiaries with a US connection, to understand and comply with ever increasing tax regulations for over 50 years. Talk to us about staying compliant.

We can help you with:

Tax on US resident vs. non-resident trusts
Throwback tax issues and mitigation
Anti-avoidance issues including Controlled Foreign Corporations and Passive Foreign Investment Companies
UNI/DNI annual calculations
65-day distribution elections

Foreign non-grantor trust beneficiary statements
US owners of a foreign grantor trust
US beneficiary reporting
US Federal and State income tax returns
US domestic trust income tax return
Foreign trust income tax return

Speak to an expert

Get in touch

For professional advice tailored to your unique circumstances, please fill out the form below and one of our experts will be in touch to discuss your requirements and how we can help. Please note that our advisory services are charged at our hourly rates and a formal engagement will need to be in place before any advice is provided.