The Heroes Earning Assistance and Relief Tax (HEART) Act

Fascinating 2008 post on the 2008 Heart Act – interesting that it comes from the U.K>

Link in post is not working – here is another one:



Robert Schon

Non US citizens applying for a US passport/green card need to be put on notice that the HEART Act will impose a US exit tax exposure when and if they give up their green card/US citizenship.

A detailed summary of the proposed legislation can be found here:

In essence this article tells us that when the proposed legislation described is signed into law by George Bush, citizens AND green card holders will be exposed to a US capital gains tax exit charge to the extent of their accrued gains on their world-wide assets if/when they give up their US citizenship/green card.

View original post 429 more words


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.