Thanks for all that useful information.
What I don't understand is that British citizens who will be paying tax on their USA income in the UK still apparently need to go through this process--considering there is a double taxation treaty.
As my property is being rented out in the next 2 weeks, this presumably means that my property manager will have to withold about 30% or 40% of the rent paid by the government, whereas the remainder of the rent paid by the tenant will not be subject to witholding by the property manager.
This witholding will continue until taxes are filed either in the UK or the USA and an ITIN is allocated.
Is that correct?
Might be a good time to consider setting up an offshore trust!
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