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Topic: How to file UK tax where US and UK use Different Tax Years  (Read 1148 times)

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I am an American pensioner married to a UK Citizen (so I'm a non-dom UK resident).  I am filing a self-assessment in the UK, using the arising basis (for the first time).  My question is, which US tax year/return do I use to report my US income to HMRC?  I have no way to split it into UK tax years.

Thanks


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Re: How to file UK tax where US and UK use Different Tax Years
« Reply #1 on: March 19, 2012, 12:23:21 AM »
I am an American pensioner married to a UK Citizen (so I'm a non-dom UK resident).  I am filing a self-assessment in the UK, using the arising basis (for the first time).  My question is, which US tax year/return do I use to report my US income to HMRC?  I have no way to split it into UK tax years.

Thanks

You just have to keep good records. If you had a W-2 for 2011 and you were filing in the UK for 6th April 2011 through 5th April 2012 I'd pro-rate your US taxes and income for 2011 and add on the income and tax you paid up to 5th April 2011


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Re: How to file UK tax where US and UK use Different Tax Years
« Reply #2 on: March 19, 2012, 08:23:37 AM »
That makes sense.  If I took 9/12 from my 2011 W2 andd 3/12 from my 2012 W2, then should I calculate the exchange rate for each piece as of April of each year?

Thanks for your suggestions


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