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Search: Posts Made By: Glasgow Girl
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Forum: USA
Mar 24th 2024, 8:02 pm
Replies: 5
Views: 636
Posted By Glasgow Girl

Re: Sale of UK Rental Property

The cost basis will be whatever you paid for it when purchased plus any capital improvements less any depreciation taken (or should have been taken). The depreciation on a foreign property is 30...
Forum: USA
Mar 24th 2024, 3:44 pm
Replies: 5
Views: 636
Posted By Glasgow Girl

Re: Sale of UK Rental Property

There will be US and UK capital gains taxes to pay, plus if there is a mortgage then financial currency gains on redeeming the mortgage may apply. This thread covers most of that....
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