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Topic: PFIC's revisited  (Read 1015 times)

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PFIC's revisited
« on: April 02, 2019, 08:17:00 AM »
Sorry to repost but having problems getting anywhere with this issue so any opinions/thoughts much appreciated.

As a U S citizen and resident in the UK , if I was to set up a UK LTD company that would specifically trade financial products like foreign exchange, commodities, equities etc etc (similar to a hedge fund without all the legal and reporting costs) would I be running into PFIC problems that would make this venture extremely costly from both a reporting and tax perspective.  I would also be an investor along with a few other people in this company which would effectively pool money together to trade.  Am I interpreting correctly what I read on the subject that this is something to avoid completely due to PFIC.  I assume there would be no issues if I was a consultant to this company and did not invest in it or be a director or shareholder in the company?   


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Re: PFIC's revisited
« Reply #1 on: April 06, 2019, 05:15:39 PM »
I can refer you to a US based tax attorney who can advise you on this. He's not cheap but you'll get a written opinion. PM me if you want a referral.


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