Not only that but both hold Americans as well.
The London Mayor has agreed to pay his unsettled capital gains tax bill, which he previously labelled 'absolutely outrageous', ahead of his visit to the US.
Boris Johnson has finally agreed to pay a huge tax bill to the US government ahead of his visit to America, despite previously insisting he would not bow to the “absolutely outrageous" demand.
The London mayor, who was born in New York and holds a US as well as a British passport, has said he will pay the unsettled capital gains tax bill, thought to be in the region of ?100,000.
His decision will ensure that his visit to Boston, New York and Washington next month - intended to drum up investment for London - is not overshadowed by questions about his tax affairs.
The tax bill is believed to relate to the sale of a house in Islington, north London.
Mr Johnson and his barrister wife Marina Wheeler bought the Furlong Road house in 1999 for ?470,000. After the London property market boomed, they sold the house for ?1.2million in 2009 – a ?730,000 increase.
In the UK, individuals do not pay capital gains tax on the sale of their first home, so Mr Johnson would not have faced a bill.
However, all US citizens, including those with dual citizenship, are legally obliged to file a tax return and pay US taxes wherever they are living.
http://www.telegraph.co.uk/news/poli...-tax-bill.html
Despite Boris claiming that he would give up his American citizenship, I still cant find anywhere that he has. Bet the cheque for his tax bounced as well.
The London Mayor has agreed to pay his unsettled capital gains tax bill, which he previously labelled 'absolutely outrageous', ahead of his visit to the US.
Boris Johnson has finally agreed to pay a huge tax bill to the US government ahead of his visit to America, despite previously insisting he would not bow to the “absolutely outrageous" demand.
The London mayor, who was born in New York and holds a US as well as a British passport, has said he will pay the unsettled capital gains tax bill, thought to be in the region of ?100,000.
His decision will ensure that his visit to Boston, New York and Washington next month - intended to drum up investment for London - is not overshadowed by questions about his tax affairs.
The tax bill is believed to relate to the sale of a house in Islington, north London.
Mr Johnson and his barrister wife Marina Wheeler bought the Furlong Road house in 1999 for ?470,000. After the London property market boomed, they sold the house for ?1.2million in 2009 – a ?730,000 increase.
In the UK, individuals do not pay capital gains tax on the sale of their first home, so Mr Johnson would not have faced a bill.
However, all US citizens, including those with dual citizenship, are legally obliged to file a tax return and pay US taxes wherever they are living.
http://www.telegraph.co.uk/news/poli...-tax-bill.html
Despite Boris claiming that he would give up his American citizenship, I still cant find anywhere that he has. Bet the cheque for his tax bounced as well.
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