Capital Gains Tax
#1
Capital Gains Tax
Can anyone tell me if you are liable to pay capital gains tax on the sale of your property in the UK when you move to NZ?
Have been looking on other forums where the question has been posed before but without actually getting an absolute answer.
Is there anyone out there who has moved to NZ and had to pay capital gains on the profit from the sale of their UK house???? If so, how much is it? It wasn't something that we had thought of until now.
Cheers,
Sharon
Have been looking on other forums where the question has been posed before but without actually getting an absolute answer.
Is there anyone out there who has moved to NZ and had to pay capital gains on the profit from the sale of their UK house???? If so, how much is it? It wasn't something that we had thought of until now.
Cheers,
Sharon
#2
Just Joined
Joined: Dec 2005
Posts: 13
Re: Capital Gains Tax
Originally Posted by Tinmanmd
Can anyone tell me if you are liable to pay capital gains tax on the sale of your property in the UK when you move to NZ?
Have been looking on other forums where the question has been posed before but without actually getting an absolute answer.
Is there anyone out there who has moved to NZ and had to pay capital gains on the profit from the sale of their UK house???? If so, how much is it? It wasn't something that we had thought of until now.
Cheers,
Sharon
Have been looking on other forums where the question has been posed before but without actually getting an absolute answer.
Is there anyone out there who has moved to NZ and had to pay capital gains on the profit from the sale of their UK house???? If so, how much is it? It wasn't something that we had thought of until now.
Cheers,
Sharon
#3
Re: Capital Gains Tax
Originally Posted by M..
If its your main UK property that you live in then it is exempt from capital gains tax.