Originally posted by NotAllThere
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There are a host of tax considerations for US citizens having businesses abroad. The latest is not even the most egregious. Form 5471 every single year, PFIC tax treatment of mutual fund investments, etc, etc, etc. If you are an American and you took out your mortgage when the dollar was weaker vs the pound than it is now, don't remortgage or even make significant lump sum overpayments, unless you want to get hit with a huge tax on foreign currency gains!
And if you marry an American, you better do it for love and not money, because getting dragged into the US tax system makes the money side of it a nightmare.
As to opening a UK bank account, if his Swiss wife is a director in his company, presumably she'd be able to get it opened.
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