We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 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!
Investments abroad
thisgirlme32
Posts: 1 Newbie
Please can someone help me, I’m thinking of investing abroad in buying some land which has the potential to double in value. I would like to know hypothetically speaking if I invested 50k and it doubled to 100k how would I get the 100k back to the UK and how much tax would I need to pay on this? I really hope someone can help. Thanks
0
Comments
-
/thisgirlme32 said:Please can someone help me, I’m thinking of investing abroad in buying some land which has the potential to double in value. I would like to know hypothetically speaking if I invested 50k and it doubled to 100k how would I get the 100k back to the UK and how much tax would I need to pay on this? I really hope someone can help. Thanks
Sounds like a scam.1 -
Agree with above sounds scammy
Hypothetically, this link seems to indicate you would have to pay CGT, you may also pay tax in the foreign country (but may then get some relief).
https://www.gov.uk/tax-sell-property/selling-overseas-property
0 -
In which country?0
-
It's a scam so you dont need to worry about CGT2
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.7K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.7K Work, Benefits & Business
- 600.1K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards