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Hello. I'm am American relocating to London. I know I have to pay taxes on global income as an American, but I'm wondering if my housing allowance, car allowance, and per diem are taxable as income...or if they are untaxed. I'd appreciate if anyone can fill me in. Thanks.
 

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As an American citizen you must declare all your worldwide income - including housing allowances, car allowance (or the market value of a car given as a "perk"), etc. You won't necessarily pay tax on all that, thanks to the overseas earned income exclusion and housing allowance (both part of form 2555). If you're on an expat package, it's fairly common for the employer to provide tax preparation assistance, at least for the first couple of years.
Cheers,
Bev
 
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