Transatlantic International Tax Specialists

Helping Americans and British solve their transatlantic & international tax issues. This includes real estate property tax such as Capital Gains Tax and FIRPTA. Dealing with either the IRS or HMRC can be difficult. Handling both can be a nightmare. Do not work alone, use Purser Tax

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  • US Certified Pubic Accountants (CPAs)
  • UK Chartered Accountants & Tax advisors
  • Property Real Estate Tax Specialists
  • FIRPTA Tax Experts
Transatlantic International Tax Specialists
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FIRPTA Tax and Capital Gains Tax when selling US real estate property

You may need to pay a Capital Gains Tax liability to the IRS in the United States or to HMRC in the United Kingdom. There are going to be times when you need to report and pay CGT to both the IRS and HMRC. In addition, you may be liable to pay FIPTA Tax (Foreign Investment in Real Property Tax Act of 1980).

You need to take care when navigating through all the real estate property tax law in the US and in the UK> You could pay too much tax in either country and not take advantage of the many tax reliefs that the IRS and HMRC provide.

FIRPTA Tax and Capital Gains Tax when selling US real estate property

Have peace of mind when it comes to your UK and US tax affairs

You may have a business or an investment in the UK or the USA. You may be taxed in both countries. We are here to help you understand the tax implications for US and UK citizens

You may receive very good tax advice from your UK accountant. You may also receive very good tax advice from a CPA. The questions remains: Are you tax efficient across the Atlantic?

About the Purser Team
About the Purser Team
You may have a business or an investment in the UK or the USA. You may be taxed in both countries. We are here to help you understand the tax implications for US and UK citizens

Let us act as your agent when dealing with either HMRC or the IRS

Getting hold of HMRC or the IRS can be a difficult task. It gets worse when they talk technically. We will remove the stress and headaches as we can speak their language and your language too

Liaising directly with HMRC on your behalf

  • We act as your HMRC agent
  • We have an HMRC dedicated line
  • We take away your stress
United Kingdom

Handling your tax return & contact with IRS

  • We act as your IRS agent
  • We have an IRS dedicated line
  • We take away your stress
  • FIRPTA and 1031 exchange submissions
United States
Let us act as your agent when dealing with either HMRC or the IRS
Giving you the confidence of our expertise

We Help You Determine Your Tax Obligations

Investing in real estate in the United States can be a wise choice. You can access a new market for your business, gain a new revenue stream, enjoy an affordable vacation home or even put down roots in your new country with a US-based residence. But there may be times when you need to sell your property, and it can be difficult to know what your tax liabilities will be in the event of a sale. Our transatlantic tax experts can help determine your tax liabilities to both the US and UK. If you are considering selling your US-based property, let’s talk.

  • Corporation Tax
  • Personal Tax Self Assessment
  • Real Estate Property Tax
  • Inheritance Tax
  • Capital Gains Tax
UK Limited Companies and CT600 tax returns

Many people use a limited company for three main reasons. 1. To reduce the level of income on their annual income. 2. Minimise inheritance tax by gifting shares to loved ones 3. Reduce risk as the liabilities remain within the limited company Americans using UK limited companies need to take care. There is a new tax called Global Intangible Low-Taxed Income (GILTI). This means that the IRS in the states whishes to tax the company and not just the dividends that you distribute in the form of dividends.

  • Companies House Submissions
  • CT600 Tax Returns To HMRC
Personal Tax Self Assessment

You may need to file tax returns to HMRC whether you are a UK resident or have financial interests in the UK. it is important to register for self-assessment in time to file your tax return. It is more important to ensure that you do not pay too much tax to HMRC by missing out on all those available tax credits and reliefs.

  • Employment income Tax
  • Self Employment Income Tax
  • Capital Gains Tax
  • Real Estate Property Income Tax
  • Foreign Earned Income Tax
Real Estate Property Tax

You will have either a corporation tax (limited company) or an income tax (personal) liability on the profits that you make on your real estate investment activity. There are many other forms of taxes that you need to be aware of. You have a purchase tax called Stamp Duty Land Tax, Capital Gains Tax when disposing of a property and inheritance tax when you wish to pass assets over to loved ones.

  • Income Tax reduction
  • Stamp Duty Land Tax calculation and reclaims
  • Corporation tax mitigation
  • Capital Gains Tax calculation and filing
  • Inheritance Tax
Complex tax systems in the US & UK

You will be subject to Inheritance Tax (IHT) law if you have any form of assets in the UK. Inheritance tax is 40% over and above your personal lifetime allowance. There are many ways in which IHT may be mitigated. We help clients to look at the wealth and legacy plans and identify the most suitable tax efficient vehicles to achieve their goals. if done correctly, no UK IHT needs to be paid.

  • Inheritance tax calculation
  • Gifts and associated tax relief opportunities
Capital Gains Tax

You are liable for Capital Gains Tax when you sell assets in the UK. This is normally based on the sales price less purchase and capitalised costs. There are new HMRC reporting requirements to inform HMRC that you have made a taxable gain. This report and payment of tax will need to be done within 30 days of disposal. We can help you calculate the CGT liability and any tax credits or reliefs that are available to you. Please note that Americans that invest in UK real estate still need to pay UK CGT and potentially a further tax liability to the IRS.

  • 30-day Filing
  • Non-resident Filing
  • Capital Gains Tax Calculation
  • Corporation Tax
  • Personal Tax 1040
  • Real Estate Property Tax
  • Inheritance Tax
  • FIRPTA
  • Capital Gains Tax
Complex tax systems in the US & UK

It is important to get help and support when filing in the UK with HMRC and in the US with the IRS

  • Tax Returns To IRS
  • C Corp Filing
  • S Corp Filing
Complex tax systems in the US & UK

It is important to get help and support when filing in the UK with HMRC and in the US with the IRS

  • Employment income Tax
  • Self Employment Income Tax
  • Capital Gains Tax
  • Real Estate Property Income
  • Foreign Earned Income Tax
Complex tax systems in the US & UK

It is important to get help and support when filing in the UK with HMRC and in the US with the IRS

Complex tax systems in the US & UK

It is important to get help and support when filing in the UK with HMRC and in the US with the IRS

Complex tax systems in the US & UK

It is important to get help and support when filing in the UK with HMRC and in the US with the IRS

Complex tax systems in the US & UK

It is important to get help and support when filing in the UK with HMRC and in the US with the IRS

  • FIRPTA Filing
  • IRS Tax Submission

Frequently Asked Questions

These are some of the questions that we are asked about tax filing to the IRS and HMRC

I need advice with my Tax
Where do I pay the most tax, in the UK or the US?

Typically the tax rates in the UK are higher and the personal allowance (standard deductions) are not as high as they are in the US.

Do I pay double tax if I live in the UK but have income in the US?

Yes and no. You always need to pay tax in the country that you generate an income. You will have to declare worldwide income to HMRC only if you are resident. Otherwise you only need to declare the income that is generated in the UK.

Do I need to file a UK tax return to HMRC?

Yes, if you are resident in the UK or have UK assets that generate taxable income. American citizens will also need to submit a 1040 tax return to the IRS.

Is it a good idea to file my UK tax return early to HMRC?

Yes and for two reasons. Firstly there is a good chance that you have overpaid tax if paid at source in the UK. Secondly, it is the best way to understand how much tax you need to pay by 31st January.

When do I need to file a UK tax return to HMRC?

Tax returns need to be submitted by 31st January with the payment of tax.

When does the tax year run from and until?

The UK tax system runs from 6th April to 5th April the following year

Do you need to pay FIRPTA tax if you sell a US real estate property investment?

The tax laws surrounding the sale of British-owned US real-estate investments can be complicated. Some British sellers and even some US citizens may be subject to a 15% FIRPTA tax, levied by the United States government.

But we can help. We might be able to save your thousands or even hundreds of thousands of dollars in FIRPTA taxes. In many cases, we can even help you avoid paying the FIRPTA altogether. We take a look at your transactions to determine whether or not you are exempt from this tax and identify other ways to help you become more tax-efficient when making US-based investments. Give us a call before you sell your US-based property to learn more.

FIPTA Tax
Where do I pay the most tax, in the UK or the US?

Typically the tax rates in the UK are higher and the personal allowance (standard deductions) are not as high as they are in the US.

I have a UK company. Do I need to declare this income to the IRS?

Yes, all income that is personally earned or earned via a company needs to be reported to the IRS.

Do I pay double tax if I live in the US but have income in the UK?

UK tax liabilities will occur where you have income generated assets. UK tax will be paid on a credit provided by the IRS to ensure you are not taxed twice.

Do I need to file a tax return to the IRS?

Yes, if you are a US citizen or are resident in the US or if you have business or investments in the UK even though you are not resident there.

Is it a good idea to file my US tax return early to the IRS?

Yes and for two reasons. Firstly there is a good chance that you have overpaid tax if paid at source in the US. Secondly, it is the best way to understand how much tax you need to pay by 15th April.

When do I need to file a US tax return to the IRS?

US citizens and residents need to file by 15th April. Non residents get an automatic extension to the 15th June.

When does the tax year run from and until?

The US tax system runs from 1st January to 31st December.

Need a little help with your taxes? We’re ready to help.

  • No obligation
  • Meet with a tax specialist
  • Award winning advisors
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