Cross-border Planning and US/UK Compliance

US citizens living in the UK, Switzerland, Europe, and countries around the world face many obstacles to their financial, wealth and estate planning when multiple jurisdictions are involved, including the related filing requirements.

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US citizens living in the UK, Switzerland, Europe and countries around the world face many obstacles to their financial, wealth and estate planning when multiple jurisdictions are involved, including the related filing requirements.

The US is the only developed country in the world that taxes its citizens and residents on worldwide income and gains, no matter where they live. US persons, whether living in the US or in a foreign jurisdiction, with investments, financial accounts, trusts, partnerships and companies outside the US are also exposed to additional US tax compliance obligations and planning issues. These cross-border financial planning and international tax issues are complex but do not have to be overwhelming.

Our Advisory Services

  • Advice on the efficient use of foreign tax credits
  • Tax implications of investments, property purchases (especially the purchase of a home) and foreign business ownerships
  • Wealth and inheritance tax planning
  • Trust advisory and compliance services
  • Pension tax planning
  • Employee stock options
  • Advice on tax issues where there is an interest in non-US corporations, partnerships and trusts
  • Expatriation tax advice and compliance
  • State tax advice
  • Tax Treaty advice
  • US/UK Tax Planning and Compliance

We are members of the GGI Global network with professional tax and legal advisors in 126 countries around the world to support complex multi-jurisdictional cases.

Our Compliance Services

Under the US tax system, US persons are required to file annual US income tax returns and various additional informational reports as applicable such as FBARs (FinCEN From 114). Non-US persons must also comply with the US tax rules if they have investments in the United States, income or gains from the US, or own US entities through a non-US structure.

Failure to file the returns and reports in a timely manner, or incorrectly, can result in substantial penalties.

Holistic service from cross-border professionals 

Cross-border financial planning and international tax issues are complex and require specialist advisors. Our Private Client Group includes highly qualified and experienced experts in both US and UK tax advisory, including the complex specialism of US/UK cross-border tax planning, and compliance for US-connected individuals anywhere in the world.  Contact us to discuss how we can help you.