Hi there,

I’m an American citizen considering a move to the UK. I currently make $200,000. If my salary hypothetically remains the same, will I be double taxed?

If you are an American living in the UK and working at a UK based company, what has your tax experience been and what would you say your overall tax rate is?

Thanks everyone!!

  • Hannahchiro@alien.topBEnglish
    1·
    1 year ago

    If you are living in the UK and working for a UK company, the UK is who you’ll pay taxes to. You just need to file your US tax paperwork as usual. You will have to declare your foreign income but unless it’s very high and/or you have $10k or more in the bank, you likely won’t owe anything to the US.

  • rhebdon@alien.topBEnglish
    1·
    1 year ago

    Hi, when you file your US taxes you will enter your taxes paid in the UK and not be double taxed. As someone else mentioned, tax in the UK tends to be higher so you shouldn’t end up owing more to the IRS.

    If you are married there’s no equivalent of joint filing in the UK and that can make a huge difference.

    There are definitely some things to be aware of if you have investments over there or take on a mortgage. The IRS for sees the exchange rate movement on a UK mortgage as a gain or loss when you pay it off as an example. Definitely get some professional advice if you start getting into pensions, investments, and buying property.