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Forum: USA

Feb 22nd 2018, 8:48 pm

Replies: 8

House Sale and Tax Issues

Views: 716

Posted By jammiie

Re: House Sale and Tax Issues

Unfortunately that loss isn't deductible against your earnings.

The foreign mortgage gain tax is a bit of a one-way street it seems.

Forum: USA

Feb 22nd 2018, 6:58 pm

Replies: 8

House Sale and Tax Issues

Views: 716

Posted By jammiie

Re: House Sale and Tax Issues

Providing it was your primary residence then I don't believe that you will owe any CGT on it in the US just as you wouldn't in the UK.

You also won't have any foreign mortgage gain either because...

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