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Forum: USA

Mar 6th 2018, 9:53 pm

Replies: 6

Buying in NC, selling property in UK - Tax & Exchange Rate

Views: 725

Posted By Pulaski

Re: Buying in NC, selling property in UK - Tax & Exchange Rate

Hmm, OK, well I've been thinking about it - as it is the loan that is creating the gain, I think you will have two calculations: the gain on the original loan piece using the exchange rate from when...

Forum: USA

Mar 6th 2018, 8:38 pm

Replies: 6

Buying in NC, selling property in UK - Tax & Exchange Rate

Views: 725

Posted By Pulaski

Re: Buying in NC, selling property in UK - Tax & Exchange Rate

Were you allowed to move a mortgage loan to a different property but keep the sale interest rate and term?

I think it would only be the rate related to the loan secured on the property you...

Forum: USA

Mar 6th 2018, 8:27 pm

Replies: 6

Buying in NC, selling property in UK - Tax & Exchange Rate

Views: 725

Posted By Pulaski

Re: Buying in NC, selling property in UK - Tax & Exchange Rate

What was the exchange rate on the day you bought your house in the UK/ took out the mortgage? You will need that to calculate the exchange gain on the repayment of your mortgage.

Showing results 1 to 3 of 3