London-based wealth manager London & Capital has urged Americans living and working in the UK to act now as the end of the US tax year fast approaches.

The estimated 180,000 Americans living in the UK must file their tax reports by 31 December, but with the two jurisdictions holding considerably different tax planning rules and allowances, London & Capital has warned that failing to adhere to the regulations could result in a hefty tax bill.
 
Daniel Freedman, managing director of London & Capital and head of the US family office there, said: “At this time of year we traditionally advi...