Capital Gains tax Q
Mar 20th 2014, 4:26 pm
#1
BE Forum Addict
Thread Starter
Joined: Nov 2009
Posts: 3,096
Capital Gains tax Q
I'll be speaking to a tax bod but wondered if anyone on the bored (sic) has any advice on the following scenario...
Moving back to the UK next week.
Had an offer for our UK property. It's our only property, our home, we've been outside the UK since 2005 with no links to UK. Rented it out in the meantime.
If sale goes through we'd be recently returned UK residents.
Property has increased in value 4-500% since purchase in 1996.
Will Capital Gains Tax come into play? If it does we'd rethink.
Ta muchly
flares
Moving back to the UK next week.
Had an offer for our UK property. It's our only property, our home, we've been outside the UK since 2005 with no links to UK. Rented it out in the meantime.
If sale goes through we'd be recently returned UK residents.
Property has increased in value 4-500% since purchase in 1996.
Will Capital Gains Tax come into play? If it does we'd rethink.
Ta muchly
flares
Mar 21st 2014, 2:55 pm
#2
Wannabe Cycling God
Joined: Jul 2009
Location: West Kensington, Dubai
Posts: 1,157
Re: Capital Gains tax Q
I'd suggest a bloody good ( tax specialist ) financial adviser. I'm not one, but my close cousin in UK is.
Shame Meow deleted her post as she generally knows exactly what she's talking about.
.
Honestly though, get some solid advice, my cousin has literally saved me tens of thousands through doing things at certain times, using off shore companies etc.
Shame Meow deleted her post as she generally knows exactly what she's talking about.
. Honestly though, get some solid advice, my cousin has literally saved me tens of thousands through doing things at certain times, using off shore companies etc.
Mar 21st 2014, 5:27 pm
#3
Lost in BE Cyberspace
Joined: May 2008
Posts: 5,125
Re: Capital Gains tax Q
r meow we do appreciate your advice
Mar 21st 2014, 6:15 pm
#4
Lost in BE Cyberspace
Joined: Aug 2009
Location: Disneyland, Dubai
Posts: 15,887
Re: Capital Gains tax Q
Such drama. Nothing a bit of googling wont solve - its all online.
Been out of the country more or less than five years?
Been out of the country more or less than five years?
Last edited by Millhouse; Mar 21st 2014 at 6:22 pm.
Mar 23rd 2014, 7:08 am
#6
Bored liberal
Joined: Feb 2007
Location: Over there ----->
Posts: 13,713
Re: Capital Gains tax Q
Just fed up with offering free advice and getting sarcasm in return. This forum is just far less nice that it used to be, which is why it has become quieter of late. People know where I am if they want to contact me.
