My head is spinning with all of the information regarding the new FACTA regulations. My husband and I are planning on buying a home this year and I am curious as to whether having my name on the deed will have a tax implication due to the stringent FACTA requirements. I know that Americans are always subject to the $250k capital gains tax when you sell a property, but is there any information anyone has as to whether it would be advantageous from a US tax perspective to have only my husband's name on the deed of the house? Should my name also be removed from our joint UK pension?
Thanks in advance.
Thanks in advance.