Transatlantic Trust Taxation Problems - McDermott Will & Emery

Transatlantic Trust Taxation Problems

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Overview


Simon Gibb authored this bylined article discussion how recent changes to UK tax legislation affect US citizens living in the United Kingdom. “While the UK in practice will permit relief from double taxation in relation to income (but not gains), the 15-year deemed dom rule will create a significantly higher number of cases of full taxation in both the US and the UK,” he wrote.