About us:
My husband and I are American citizens. I also happen to be a British citizen (although I was not born there and have never lived there, and my father was domiciled in Canada when I was born). We're in the initial planning stages of moving to England (really, still in the "thinking about it" stage).
We have about $5 million dollars in investment accounts and we would not be planning on earning income in England. We would live entirely off our investment income.
The USA side of this equation is pretty clear to me. I'm solid on my understanding of US taxes and reporting requirements.
My understanding is that we could at least start out as non-domiciled. Is there a point where that doesn't work anymore? At what point do I need to restructure my investments to satisfy GB regulations?
Thanks for shedding light on this.
