US connected individuals living in the UK have reporting obligations to HMRC and the IRS. The US taxes the worldwide income and capital gains of all US citizens regardless of where they live.

As is a regular feature, Andrea, Head of Advanced Planning, featured in the American in Britain discussing how to give effectively as an American living in the UK.

For the full article, please click here.

There are some challenges for Americans living in the UK that are important to understand in order to develop optimal wealth planning strategies.