How to handle taxes in USA when investing from UK?

Discussion in 'North America Real Estate' started by Catherine Underwood, Feb 11, 2019 at 6:24 PM.

  1. Catherine Underwood

    Catherine Underwood New Member

    I live in the UK, but I am hoping to purchase property in California to rent out as Air BNB. What's a good place to look for tax advice? I want to pay all taxes that are legally due, so I would need advice on how to pay taxes in USA.

    I also know that governments often have incentives to allow one to legally minimise tax, so I would like advice on this too.

    I've tried contacting various tax specialists in the area where I am planning to purchase property but none of them deal with international customers. Any ideas?

    Please note: I want to 100% pay all tax that is legally due, so I don't want any schemes that avoid this or involve breaking the law.
     
  2. lookinginvest

    lookinginvest Member

    I have done some investigating at it seems quite complicated for different income/profits. I think you would pay tax in the UK as there is an offset arrangement between the UK and US. However, take professional advice to see exactly where you stand.
     
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