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Topic: Transfering money before 2013 when FATCA begins  (Read 1007 times)

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Transfering money before 2013 when FATCA begins
« on: December 30, 2010, 03:03:22 PM »
Is anyone transferring money from the US to the UK to avoid the 30% with holding that it seems FATAC will impose on foreign transfers in 2013. The legislation is still evolving, but the way it is right now it looks like your US bank will simply send 30% of any transfer to the IRS and it's up to you to claim it back at tax time.


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