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Posted Wed, 18 Oct 2023 16:54:13 GMT by jewelwing
My husband and I are both resident for tax purposes in the UK. He is American and I have dual citizenship. We moved to the UK from the US in 2017. We incorporated our LLC as a partnership in 2014 and it holds active rental properties. We are currently taxed at the dividend rate on distributions we take from the LLC (whether they stay in the US or are remitted to the UK). If we wish to sell one of the properties, how will this be taxed in the UK? Thanks for your help.
Posted Thu, 19 Oct 2023 15:57:26 GMT by HMRC Admin 20 Response
Hi jewelwing,

To assist with your enquiry please see the following infomration about Double Taxation between the UK and USA. Article 24. Relief for Foreign Tax Paid 2021 (HS263)
If the above doesnt provide the answer you are looking for, you may need to consider seeking professional accountancy advice.

Thank you.

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