A Guide for US Purchasers of UK Residential Property

A Guide for US Purchasers of UK Residential Property

Uncovering the Traps Beyond the Transaction

The UK and London in particular remains an appealing destination for HNW US families looking to relocate or invest in residential property, despite the potential to find themselves swimming against the tax tide.

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When acquiring UK property, aside from seeking legal support on conveyancing, US purchasers should seek advice on the broader tax and legal implications. As with any substantial acquisition or investment, there will always be traps for the unwary. Where US purchasers are concerned, the traps can be more common and more dangerous. Taking advice from the outset will enable pro-active planning and help to avoid costly future mitigation.

In this report, Forsters’ partners from across Private Client, Residential Property and Family, along with specialists in the industry, share their insights on the current UK market for US buyers and how best to navigate the specific risks for US-connected clients.

Introduction - A resilient outlook for the UK property market in some sectors

A luxury family home exterior

Tax and estate planning considerations

In this article we cover:

  • Exposure to UK Inheritance Tax
  • Taking out a mortgage
  • Life insurance
  • Wills
  • Capital Gains Tax on the family income

A high-value home living room scene

Asset protection considerations

In this article we cover:

  • Use of trusts
  • Protecting assets from separation or divorce
    • Nuptial agreements
    • Cohabitation

A high-value London street scene, Kensington

Buying and selling luxury residential property in a competitive market

The purchase or sale of a high value home requires expert legal advice to manage the complexities involved. Our lawyers are dedicated to sharing their knowledge to enable you to navigate the legal practicalities of buying and selling high value assets. We will support you through every stage of the process, and with the largest dedicated Residential Property team in London, we have the strength to do this. Visit our Hub to learn more.

Forsters' Luxury Residential Property Hub

Moving to the UK - Everything you need to know

Moving to the UK is an exciting life event whether it be a short-term move for work to explore business prospects or a more permanent relocation with the whole family; the UK offers an eclectic range of options to live, work and learn, from the cityscapes of London to vineyards in the English countryside and historic university towns in-between. Setting up life in a new country can feel daunting too and it can be difficult to know where to start.

Moving to the UK

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