question about housing

[savagemiss 0]

Hi, I know this is not really visa related but i thought some of you may have been through this and could give me some advice.

I am currently waiting for my approval in the UK and i am a home owner. Our plan is for me to sell up and we will then buy a house in USA since my husband currently rents and has next to no knowledge of buying.

What i am wondering is when will be the best time to do this? Before or after i move over there? would taxes be any different? would it make any difference to visa application if i do it too early. we have tried to do research but there is not a lot of advice on joint purchases for a US national and a visa applicant.

Thanks in advance for any help. xx

[Dal&Rose 45]

If you want your name on the mortgage loan (assuming you will have one), you will need to be here for that and have a social security number. Now you can do it before, husband has the loan in his name and you can be on the title/deed. And in a year or two after being here you could refinance.

To put your name on title, husband will need to submit document available at most DIY document offices fill it out and submit and pay a small fee usually. Depends on state/county/city refs. Or you can be here in states and sign paperwork when the closing documents are signed.

Further research will be required. My husband and I were about to buy a place in only my name and income, but decided to hold off since it would cost too much to break my lease. So this info is from realtor, and mortgage specialist.

[savagemiss 0]

Thanks for that. do you know of any sites that maybe helpful too?

[NikLR 13,232]

~~moved to moving here and your new life from IR1/CR1 progress reports.~~

[Nich-Nick 3,354]

It won't affect your visa what you do with your house other than having to do an address change maybe.

You probably need to research the tax implications if you sell for a gain. If no tax on the gain, your profit is yours to bring with you. You can research that at

GOV.UK https://www.gov.uk/tax-sell-home

Once in the US, you are under US tax laws so a sale at that time would be a taxable gain (or not) according to

IRS.gov https://www.irs.gov/pub/irs-pdf/p523.pdf

Pick the best tax strategy.