h060968
Aug 1, 2007, 02:42 AM
Hi guys,
Hopefully very easy question :)
I have a savings account in the US, but live and earn in the UK. I would like to transfer my earnings (after UK tax) to my US account simply by wiring the money from my UK account, and take advantage of the dollar-pound exchange rate (hoping that the dollar becomes stronger in the future :)). Is this legal? I mean would I have to pay any additional US-based tax on this money?
Thanks! :cool:
Hopefully very easy question :)
I have a savings account in the US, but live and earn in the UK. I would like to transfer my earnings (after UK tax) to my US account simply by wiring the money from my UK account, and take advantage of the dollar-pound exchange rate (hoping that the dollar becomes stronger in the future :)). Is this legal? I mean would I have to pay any additional US-based tax on this money?
Thanks! :cool: