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    red-stiletto's Avatar
    red-stiletto Posts: 1, Reputation: 1
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    #1

    Jun 29, 2009, 04:35 AM
    I have dual citizenship between UK and US and would like to invest in stocks. Tax?
    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's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
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    #2

    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 irrelevant.

    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.
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