Hi,
My wife and I are planning on buying a flat soon and will need to move money from the USA to the UK for the deposit. We want to speak to a tax lawyer or accountant (which one is appropriate?) to understand the tax implications of moving the money. The cash will be taken from savings and investments located in the USA and we want to ensure we don't end up paying UK tax on the principal. We already report interest/capital gains to the UK for taxation, but we don't want to be hit on the actual investment principal.
Can anyone recommend a tax attorney or an accountant who is knowledgeable on the subject? Also, others that have bought property here and used assets from the States for the deposit, can you relate your experience?
Thanks!
