This page is intended to serve both US and Non-US citizens. The existing WSA site content is aimed purely at non-residents disposing of US property. I have reformatted this, below, but I wonder if this page should be split by US Citizens and Non-US citizens? It would align more with our site structure and keep the pages tighter. Further discussion/information needed.

Making the right moves

Relocating to or from the US or UK can feel as daunting as it is exciting. Whether you’re selling, buying, renting, or letting out property in either country, there are consequences with both the IRS and HMRC. We help you plan, so you can focus on feeling at home.

US Citizens disposing of UK property

Information to be discussed/supplied.

Non-US Citizens disposing of US property

Does this include Green Card Holders?

If you’re a property investor or an individual selling a home, disposing of US property is subject to a federal withholding tax under the Foreign Investment in Real Property Tax Act (FIRPTA).

The key points at a glance:

• The withholding rate is generally 15% of the property’s gross proceeds or fair market value.
• Disposals subject to FIRPTA include gifts and transfers as well as traditional sales.
• If the property is jointly owned by a US and non-US citizen, only the share allocable to the US citizen is subject to withholding.
• In certain circumstances, the withholding tax is reduced or not required, though reporting is still mandatory. These include:
  • A primary residence sold for under $300,000.
  • Transactions where no proceeds are received.
  • Cases where the required withholding exceeds the maximum tax liability of the transferor.

Relocation with reassurance

Relocation is about fresh starts, not financial stress. With WSA Tax by your side, the complexities of moving between the US and UK are handled with care – so you can settle in with confidence and focus on your new life chapter.