As many of you will have read, beginning with the 2013 tax year President Obama and the US Congress have imposed an additional tax on a taxpayer’s “net investment income.”  The tax is an additional 3.8% and will be imposed on your net income from interest, rents, royalties, and capital gains (including the gain from the sale of your primary residence).  It may also be imposed on your income earned inside your foreign pension plan.  It also appears that the tax may not be reduced by foreign tax credits or through the use of an income tax treaty.  Threshold amounts apply.  For further information see our previous posts Obamacare and You: What Expats Need To Know and Update: Obamacare penalty tax may apply to expats.  If you still need further assistance, contact us.