I have an American Passport as well as a British One (just renewed it) In May I will be arriving back in England for good via a Cruise to Dover. Do I show my British Passport on arrival and tell them that I am here to stay?
2nd Question: If I wire transfer $100,000 into a savings account prior to leaving here that I opened with HSBC on my last visit, will I have to pay taxes of any kind on it. I was told by someone to just slowy transfer it in $9,000 increments over a period of time. My thought is that if I do that it might be then classed as income, am I correct? I do plan on keeping an account here for the purpose of buying gifts on line for family member here in the US.
Thanks for any help with these two items.
2nd Question: If I wire transfer $100,000 into a savings account prior to leaving here that I opened with HSBC on my last visit, will I have to pay taxes of any kind on it. I was told by someone to just slowy transfer it in $9,000 increments over a period of time. My thought is that if I do that it might be then classed as income, am I correct? I do plan on keeping an account here for the purpose of buying gifts on line for family member here in the US.
Thanks for any help with these two items.