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Forum: Canada

Apr 24th 2016, 3:59 pm

Replies: 5

How to work out Capitol Gains Tax when my UK property has a morgage

Views: 554

Posted By JonboyE

Re: How to work out Capitol Gains Tax when my UK property has a morgage

OP = opening post or opening poster.

Yes, I have experience of this. The returns I have field on this basis have been accepted as filed. None have been audited so I don't know if they would...

Forum: Canada

Apr 24th 2016, 2:56 pm

Replies: 5

How to work out Capitol Gains Tax when my UK property has a morgage

Views: 554

Posted By JonboyE

Re: How to work out Capitol Gains Tax when my UK property has a morgage

If it is an interest only mortgage then I believe the OP is correct. You have an exchange rate gain on the property and an exchange rate loss on the mortgage.

It is a bit more complex if you have...

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