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| Re: More Americans renouncing citizenship because of greedy government (1236740) | |||
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Re: More Americans renouncing citizenship because of greedy government |
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Posted by AlM on Mon Oct 27 10:49:14 2014, in response to Re: More Americans renouncing citizenship because of greedy government, posted by subfan on Mon Oct 27 05:42:56 2014. As the UK Tax year ends on 5 April, the tax is only paid then, or, even if paid earlier, it may be deemed to have only crystallized then.If I pay state tax during 2013 I can deduct it from my 2013 US federal tax, even if it turns out when I settle everything in 2014 that part of that state tax was never due. No questions asked - I just have to put any excess deductions made during 2013 into my 2014 income. Are you saying that this same methodology is not available for deducting UK tax payments? |
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