Moving to the UK
Planning a move to the UK?
Our specialist tax advisors are here to help you navigate the complexities of tax planning, ensuring you minimise your tax liabilities and enjoy a smooth transition.
Our core areas of expertise
Income and Capital Gains Taxation
While living in the UK, your income and capital gains will be subject to local taxation. Understanding the intricacies of the UK tax system, including applicable rates, allowances, and deductions, is essential. Our experts are here to help you navigate these complexities and optimise your financial outcomes.
Assessing Tax Residence and Domicile Status
We will evaluate your tax residence and domicile status to understand the impact on your UK and international income and gains. This thorough analysis allows us to identify the most beneficial tax strategies tailored to your situation.
Foreign Earned Income Exclusion
If you meet specific residency requirements based on your time abroad, you may be eligible to exclude your wages from US tax calculations. Our specialists will explore all available options to minimise your tax liabilities effectively.
US/UK Tax Treaty Benefits
We will help you leverage the tax treaties between the UK and the US to your advantage. Our team will review relevant treaties and advise you on structuring your affairs to benefit from available tax reliefs or exemptions.
UK Tax Authorities Registration
Our team will guide you through the registration process with the relevant UK tax authorities, ensuring you meet all necessary obligations and deadlines seamlessly.
Foreign Tax Credit
For US citizens working in the UK, claiming a tax credit for income taxes paid to a foreign government can be highly advantageous, especially given the higher tax rates. We will assist you in maximising these credits.
HMRC Departure Forms and Non-Residence Claims
When it’s time to leave the UK, we will support you in filing the necessary HMRC departure forms and making non-residence claims. Our experienced tax consultants will ensure a smooth process, keeping you fully compliant with UK tax regulations.
Understanding US Tax Obligations Abroad
Living and working outside the United States can trigger unique tax laws and regulations. Depending on your situation, you may be able to offset some or all of your US tax obligations. However, it’s crucial to remember that US tax responsibilities are tied to your citizenship, not your location. This means that as a US expat, you must fulfill your US tax-filing obligations, no matter how long you’ve been in the UK or your employment status.
Even short-term assignments in the UK can impact your US taxes. Any income earned during such assignments must be reported on your US tax returns. The more financial ties you establish in the UK, the more intricate your tax considerations become.
Testimonials
What our clients say about us
Mike Perry
The whole team are incredibly helpful and great at what they do. I can't recommend them enough!
Malia Brown
Thank you to [The Phinch] team for all your support over the years. It's very much appreciated and valued.
Grace Eden
Excellent guidance through process with a high degree of expertise. A very smooth experience.
Jennifer Muller
I have used [Phinch] services for many years. [The] team have guided me through the complicated processes of US taxes as an expat, and stayed on top of any changes in filing rules. Highly recommended.
Larissa Bulla
[The Phinch] team have been incredibly helpful in the preparation and filing of my US tax returns and FBAR submissions, even when I have been less than fully organised. The team are always prompt and professional. They stay abreast of changes in annual tax rulings and have helped me secure rebates or stimulus payments where these are due. I highly recommend this company.