Taxation of US rental properties

As a landlord letting out your US property, you must meet your tax-reporting obligations on the income earned. At GTN, we specialise in providing comprehensive support to overseas landlords in navigating these tax complexities. Our range of services include, but are not limited to: 

• Tax Reporting for Rental Income: As a US citizen living in the UK and earning rental income from US properties, tax reporting can be complex and overwhelming. Our tax advisors specialise in managing this process for you, ensuring that your rental income is accurately reported to both the IRS and HM Revenue & Customs, giving you peace of mind and allowing you to focus on other important matters.
• Deductions and Credits: Our tax experts can identify deductions and credits to minimise your US tax liability while living in the UK.
• FATCA Compliance: For US citizens residing abroad, compliance with the Foreign Account Tax Compliance Act (FATCA) is critical. Our specialist US tax advisors guide you through the FATCA reporting requirements, ensuring compliance and helping you avoid penalties.
• State Tax Considerations: US tax laws can vary significantly from state to state. We will help you navigate the intricacies of state-specific tax regulations and optimise your tax strategy.
• Non-Resident Tax Filings: If you are a US citizen residing in the UK and renting out US properties, we will help you understand your obligations and file the necessary tax returns.
• Foreign Bank Account Reporting (FBAR) Compliance: Our experienced tax specialists will ensure you understand your reporting obligations for non-US bank accounts, helping you avoid potentially significant penalties.
• IRS Voluntary Disclosure Programs: If you are a US citizen living in the UK with overdue tax filings, we can help you bring your US tax matters up to date by filing backdated tax returns or using IRS voluntary disclosure programmes.
  
  At GTN, we offer transparent fixed-fee quotes tailored to your specific income sources and tax needs. We aim to eliminate surprises, ensuring that you are well-informed and confident in your US rental property tax management as a US citizen in the UK.