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Capital Gains tax

anna_74
anna_74 Posts: 5 Forumite
in House buying, renting & selling
My parents inherited a property in Switzerland (vaud) 15 years ago. It has never been rented out.

They have just sold their property in UK so the flat in Switzerland will be their only proprety (although not primary residence as they do not live there).

They now want to sell the flat to help with their retirement. They need as much as they can get.

Please can someone advise whether they will have to pay capital gains tax as they are not residents. Is there any way around this by perhaps living over there for a certain amount of time?

Not sure where to go for help?

Thanks
Anna

Comments

  • G_M
    G_M Posts: 51,977 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Check out the HMRC website for DGT rules, or call them and ask.
    See a IFA.
    Or try the tax forum.
  • RAS
    RAS Posts: 36,593 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    They need advice on both the UK rules and the Swiss rules.
    If you've have not made a mistake, you've made nothing
This discussion has been closed.
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