Help & FAQs

What types of payment are subject to FATCA?

FATCA provisions apply to income or proceeds arising from US assets, defined as:

Any payment from sources within the US such as interest, dividends, rents, royalties, salaries, wages, annuities, licensing fees and other fixed or determinable annual or periodical (FDAP) income, gains and profits.

Any gross proceeds from the sale or disposition of US assets of a type that can produce interest or dividends.

This list is not exhaustive and Selftrade does not offer tax advice. For tax-related questions please contact your tax advisor or refer to the IRS and HMRC websites.

Currently assets held in ISAs, and income arising from them, are exempt from FATCA reporting.

Submitted on 28th Nov 2017

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Risk Warning

The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Selftrade does not provide investment advice. If you are in any doubt as to the risk or suitability of an investment or product you should seek advice from an independent financial adviser.

The extent and value of any ISA tax advantages or benefits will vary according to the individual's circumstances. The levels and bases of taxation may also change.

The extent and value of any SIPP tax advantages or benefits will vary according to the individual's circumstances. The levels and bases of taxation may also change. If your options change regarding an employer's pension scheme you may wish to review your financial situation. Once in a pension your money is only accessible, in general, from age 55.

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