Buying Property

Hi!

I am American and my husband is British and we were looking to buy a house. We reside in the UK but we were considering buying in America as the housing costs and taxes are a lot cheaper.

We were wondering that if we transferred the money to my American account to buy it would we then be taxed in the UK as well.

If  the house was in my name and in my US account would we still need to pay UK tax?

If its investment property you'd probably want to talk to an accountant versed in both UK and US tax. If you'd be moving and it's your primary residence that's different.

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