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Forum: Canada

Apr 23rd 2016, 12:54 am

Replies: 28

CGT - Do I pay in UK and Canada?

Views: 2,776

Posted By Steve_

Re: CGT - Do I pay in UK and Canada?

:lol:

Provided you remembered not to spend it all before you fill in the schedule 3. I was pretty shocked at the tax bill I got for CGT last year.

:eek:

Also I seem to have found a bug in...

Forum: Canada

Apr 20th 2016, 10:35 pm

Replies: 28

CGT - Do I pay in UK and Canada?

Views: 2,776

Posted By Steve_

Re: CGT - Do I pay in UK and Canada?

It depends on the OP's situation, didn't mention enough details about residency, etc.

Actually another thought crosses my mind, there is no provision in the tax treaty to reset the cost base on...

Forum: Canada

Apr 20th 2016, 9:54 pm

Replies: 28

CGT - Do I pay in UK and Canada?

Views: 2,776

Posted By Steve_

Re: CGT - Do I pay in UK and Canada?

It says on the website that CGT is liable after April 6th, 2015: https://www.gov.uk/guidance/capital-gains-tax-for-non-residents-uk-residential-property

However it's only the capital gain from...

Forum: Canada

Apr 20th 2016, 9:52 pm

Replies: 28

CGT - Do I pay in UK and Canada?

Views: 2,776

Posted By Steve_

Re: CGT - Do I pay in UK and Canada?

The key point is whether the OP was resident for tax purposes in the UK when the house was sold, not mentioned.

If so, then CGT is only in the UK. If you sold it as a non-resident, then there is...

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