About hhamwv

Currently Lives:

Citizen of:

Some Forum Posts:

Denmark: Tax Liability of US Expat in Denmark:

You do not say whether you are a U.S. citizen. If you are, you must file and pay Danish taxes on Danish income, but also you must continue to file a tax return with the IRS in the U.S. every year, whether or not you have any U.S. income. You can claim as a credit all taxes paid to Denmark on Danish income, which in almost any conceivable case will result in no U.S. tax liability on Danish income. But having no tax liability to the U.S. does NOT excuse U.S. citizens from filing a U.S. tax return detailing income and taxes paid to Denmark, with which the U.S. has a tax treaty governing taxation in this type of situation. Good luck in Denmark. The other fellow gave very sound advice about consulting with a Danish accountant. You will find the Danish taxes relatively high compared to those in the U.S., but of course Danish residents get a lot of benefits for their money that are not available in the U.S. Also, dealing with Danish taxes also is much easier to deal with since everything generally is done through your account on the Internet. BTW, if you intend to purchase a house in Denmark, be aware that any profit when you sell is not taxable in Denmark but IS taxable in the U.S., even though based on Danish property. There are some cases in the news about this, including that of Boris Johnson, Mayor of London, who was in a similar situation. Just be aware if it applies to you.

Denmark: Money Exchange:

I am returning to the U.S. and must exchange DKK to USD. What is the most economical way to do this (best rate - lowest fees)? I can take dollars from DK or have transferred to my U.S. bank account, just want to get best overall deal.

Denmark: Car for Sale:

Like-new very economical 2010 Citroen C1 for sale. Original owner, only 28K km, complete maintenance at dealer. Includes separate set of almost new snow tires mounted on wheels for winter use. Available on or about Aug. 1st / negotiable as we are leaving Denmark. Located in Frederikshavn, can drive anywhere in DK to deliver. Payment in either Danish Kr in Denmark or US dollar in U.S. Contact me at: hhamwv@gmail.com.

Denmark: Buying a property in Denmark with no Deposit:

You also must check ownership restrictions. I believe that generally non-Danes are not permitted to own houses in Denmark for first 5 years of residence, then must petition Ministry of Justice to do so, Not sure whether this has changed recently.

Date Joined:

5/16/2014

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5

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