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The US tax system is based on the US citizenships not on geographical location(Citizenship-based Taxation), that's why it is important to notify the authorities. However, the UK tax system is based on residence.cs95tdg wrote:Your point about informing US social security, made me think. The scope is rather broad.
Thanks. Yes, I suppose that's directly related to US citizens being taxed on global income irrespective of country of residence. I was trying to figure whether there would be a need for me to have my nationality updated on my US social security card, even though I no longer live or work there and am not a US citizen. I can't think of a reason at the moment.tier1o wrote:The US tax system is based on the US citizenships not on geographical location(Citizenship-based Taxation), that's why it is important to notify the authorities. However, the UK tax system is based on residence.cs95tdg wrote:Your point about informing US social security, made me think. The scope is rather broad.
And another good reason to update your nationality, irrespective of whether you have renounced your former nationality or not. But as fielddrive has mentioned I too haven't faced an issue in this respect once ILR was granted.tier1o wrote:I would recommend to update your records with the bank, particularly if you are apply for a mortgage. Citizenships are considered because mortgage is a long time lending. Most of the main stream banks doesn't give mortgages to foreigners (those who are on LLR).
I was referring to LLR not ILR.fielddrive wrote:Possibly but I have had no issues getting a mortgage on ILR and another friend has had no issues on gettng a mortgage on a time limited spouse visa (with a decent credit history). It all depends..
My bad .. i read ILRtier1o wrote:
I was referring to LLR not ILR.