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Deferring Capital gains tax
jason77_2
Posts: 5 Forumite
Hi Guys
Does anybody know if I sell my property in the UK and buy another property (similar value) in another European Union country? Can I defer Capital gains Tax?
Thanks for you help
Does anybody know if I sell my property in the UK and buy another property (similar value) in another European Union country? Can I defer Capital gains Tax?
Thanks for you help
0
Comments
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I think it depends on how long (if at all) you stay out of the country.
After a certain time you don't have to pay anything.
Not 100% sure though.
Hopefully an "expert" will come along and tell us.0 -
Do you have only one property in the UK? Wouldn't this count as your PPR, and therefore no CGT involved?Errors of opinion may be tolerated where reason is left free to combat it. - Jefferson0
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As I said, hopefully an expert will come along.
Don't worry.
Won't be long.
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It's all about timing..sheer class...:rotfl: :T0
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I hope Mr. B hasn't been inventing new alter egos!Errors of opinion may be tolerated where reason is left free to combat it. - Jefferson0
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Hi
Yes only one prpoerty and once sold we would buy a property of the same value in Sweden??
Thanks for your help0 -
Check out what I said in post 2.
You should really see a specialist accountant though.0 -
If you live in the house that you own in the UK, there is no tax to pay at all. It doesn't matter what you do with the money you get from it.Everything that is supposed to be in heaven is already here on earth.
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Jason - is the property your main residence?0
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