flyoverfred
Returning Member

transfer money from UK to USA after house sale

Hi,

 

I'm currently in the process of selling my old house in the UK. I'd like to transfer the money to the US (where I'm a permanent resident) primarily to use it to pay off some of my mortgage here. What is the best way to do this and what do I need to do to satisfy any tax implications ? Will I have to pay tax on it over here for example ?

 

I'm expecting to transfer approx 250k US.