We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
capital gains tax query
Options
de1amo
Posts: 3,401 Forumite
in Cutting tax
i have a flat in the uk which i rent out permanmently but i live abroad, is it the same terms on capital gains as previous advice to those resident in the uk with 2 addresses and if so how do i flip the property to avoid cgt-this is a life time flat which i will keep til death do me part!
mfw'11 No68- 55k mortgage İO--little to nothing saved! i must do better.
0
Comments
-
Capital gains is only payable when you dispose of the property. If you keep it until death capital gains will never be due but inheritance tax will.0
-
very true--silly me --what happens if for some reason i cant climb the stairs and am forced to sell --mfw'11 No68- 55k mortgage İO--little to nothing saved! i must do better.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.1K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.6K Spending & Discounts
- 244.1K Work, Benefits & Business
- 599K Mortgages, Homes & Bills
- 177K Life & Family
- 257.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards