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Selling a house abroad
hateshousework
Posts: 43 Forumite
I am trying to help a friend.
She is a UK citizen with UK bank but lives part of the year in West Africa.
She has sold her house there and moved in to rented, she had paid CGT there.
There will be approx £150k balance to be paid in to her UK account by the German buyer.
Can this just happen or will she have to account for it, will she be eligible for any kind of tax here?
She is a basic rate tax payer in the UK
Thanks for any replies
She is a UK citizen with UK bank but lives part of the year in West Africa.
She has sold her house there and moved in to rented, she had paid CGT there.
There will be approx £150k balance to be paid in to her UK account by the German buyer.
Can this just happen or will she have to account for it, will she be eligible for any kind of tax here?
She is a basic rate tax payer in the UK
Thanks for any replies
0
Comments
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She should check this out: https://www.gov.uk/tax-sell-property/selling-overseas-property
If she has complex tax affairs, she should pay a tax consultant for professional advice. This will come at a cost, but could be cheaper than trying to DIY things0 -
Might raise red flag for suspected money laundering. She might want to discuss with her bank."A nation's greatness is measured by how it treats its weakest members." ~ Mahatma Gandhi
Ride hard or stay home :iloveyou:0 -
No disrespect to your “friend” but Missile is spot on.0
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It also depend if the UK has a “Double Taxation Convention” with the country where the property is located and CGT was paid0
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I think that's sensible, thanksmissile said:Might raise red flag for suspected money laundering. She might want to discuss with her bank.0 -
There is no disrespect there so don't worryHobgoblinBT said:No disrespect to your “friend” but Missile is spot on.0
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