Ask Experts Questions for FREE Help!
 
Free Answers in 3 Easy Steps

Register Now		 3 Steps
 
Ask QuestionsprogressAnswer QuestionsprogressBuild ReputationprogressBecome an Expert
 
At Ask Me Help Desk you can ask questions in any topic and have them answered for free by our experts. To ask questions or participate in answering them you must register for a free account. By registering you will be able to:
  • Get free answers from experts in any of our 300+ topics.
  • Accept money for answers that you provide.
  • Communicate privately with other members (PM).
  • See fewer ads.
  Answer this Question    Ask about Taxes    Ask about another Subject  
 
PDA

red-stiletto
Jun 29, 2009, 04:35 AM
I have dual citizenship between the UK and US
I am currently living in the UK, and am a student at university. So I don't pay tax.
I would like to open a trading account to invest in either UK or US stocks. How does the tax work for me?
If I only invest in UK stocks (is that easier than investing in US stocks from here?) do I have to pay tax to the US?

And, I am graduating next year and plan to move to the states then, if I keep my UK citizenship how will tax work then, from the US?

Thanks :)
AtlantaTaxExpert
Jun 29, 2009, 07:44 AM
SInce you are a U.S. citizen, you ARE liable for capital gains taxes on the trading account. The fact that you are investing only in UK staocks is irrelevent.

I cannot answer for sure about the U.K. taxes, but, generally, European countries do NOT tax their citizens on income earned OUTSIDE of the U.K.