Withdrawing money

Forum|Forum|6 years ago
May 11, 2019
2 replies
419 views

I have a problem whereas I live in the UK and am a UK citizen but when I've try to withdraw money out in the past it asks for American tax details which I obviously don't have. I have a payment pending for some reason but no option to do anything with it and I'm not sure if that's the full amount I have save as I've had this account for years.

I'm looking to close my account once this is eventually sorted so if anyone could help that would be great.

Steve

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This topic has been closed for replies.

Ricky336

Community Expert

So, it seems that you have to complete a US tax form called W8-BEN and declare that you are a UK taxpayer. This will avoid paying US taxes at the full rate 30% I think. You have to read about this type of form.

Tax basics for non-US citizens at Adobe Stock

I think the UK has a double tax agreement with the US. (Most countries do.)

jacquelingphoto2017

Community Expert

Hi SG,

I assume you did complete the relevant tax document at the time of starting your account, and this was validated. I will try to get you additional help.

Regards

JG

Abambo

Community Expert

Well, if the tax document is asked, obviously it has not been done...

ABAMBO | Hard- and Software Engineer | Photographer

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