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Tax on house sale in the UK ?

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Tax on house sale in the UK ?

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Old Apr 4th 2006, 8:57 pm
  #16  
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Default Re: Tax on house sale in the UK ?

The post had been moved - I thought it was more relevant in immigration as it was specifically about moving money to the US when coming here .. but nevermind.

I have tried many times looking for specific posts on search and after time goes by they can become very hard to find. Yesterday I was just rushed and flustered on the issue but eventually found the correct IRS stuff anyway.

JerseyGirl yes, he's American, currently working in Qatar, I now have an interview out there .. the problem is with what we do after.

dbj - and now I know it's you who's the tax expert I can search ya, thank you!
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Old Apr 5th 2006, 4:39 am
  #17  
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Default Re: Tax on house sale in the UK ?

Originally Posted by Tootsie Frickensprinkles
The post had been moved - I thought it was more relevant in immigration as it was specifically about moving money to the US when coming here .. but nevermind.



JerseyGirl yes, he's American, currently working in Qatar, I now have an interview out there .. the problem is with what we do after.
well it's got nothing to do with immigration, but a lifestyle thing....and if he's american and working in a tax free state, he'll have to pay full whack to the IRS, employer should be able to tell him about it and have a decent accountant to deal with the IRS, and should probably know about house sales.
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Old Apr 5th 2006, 4:45 am
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Default Re: Tax on house sale in the UK ?

Originally Posted by Bob
well it's got nothing to do with immigration, but a lifestyle thing....and if he's american and working in a tax free state, he'll have to pay full whack to the IRS, employer should be able to tell him about it and have a decent accountant to deal with the IRS, and should probably know about house sales.
Ditto.

When mt wife worked in the UK her Employer paid for the Accountant, part of the deal.

Price Waterhouse, they took for ever.
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Old Apr 5th 2006, 7:08 am
  #19  
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Default Re: Tax on house sale in the UK ?

Originally Posted by Bob
well it's got nothing to do with immigration, but a lifestyle thing....and if he's american and working in a tax free state, he'll have to pay full whack to the IRS, employer should be able to tell him about it and have a decent accountant to deal with the IRS, and should probably know about house sales.

Qatar is just an added confusion. It's my house and I was looking for the info on how much CGT I would have to pay and under what circumstances, if I were immigrate to the US after having been in Qatar for 2 years.

It's too complex for me tho, too many variables, an accountant is well in order. Thanks tho.
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Old Apr 5th 2006, 7:41 am
  #20  
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Default Re: Tax on house sale in the UK ?

Originally Posted by Tootsie Frickensprinkles
Qatar is just an added confusion. It's my house and I was looking for the info on how much CGT I would have to pay and under what circumstances, if I were immigrate to the US after having been in Qatar for 2 years.
The tax treaty between the US and UK would have helped if you were paying UK taxes, but if your resident in a tax free country and not pay any tax to the UK, you'll have to pay it to the IRS if your not careful, definately consult with someone that's had experience because it'll depend on when you move over etc...
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Old Apr 5th 2006, 7:57 am
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Default Re: Tax on house sale in the UK ?

Originally Posted by Tootsie Frickensprinkles
Hi

I am sure I remember reading on one of the IRS sites that unless you have been living in a UK residence as your primary home for 3 of the last 5 years the profit made on the sale of the property becomes taxable when transferring the money to the US.

I really need the details of this and I cant find the site/pages again.

Can anyone help please?
I think you may have the coolest user name ever.
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Old Apr 5th 2006, 10:59 pm
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Default Re: Tax on house sale in the UK ?

Originally Posted by Sarah
I think you may have the coolest user name ever.
See what you get

A BIT OF FUN ........

MY NEW NAME IS IN THE SUBJECT.....DON'T LAUGH UNTIL U FIND OUT WHAT YOUR NEW NAME IS .
We all need a little stress-reliever! This only takes a minute. Please don't be a bore and ruin it. Send it on to everyone you know. Sometimes when you have a stressful day or week, you need some silliness to break up the day. And, if we are honest, we have a lot more stressful days than not.
Here is your dose of humor...
A. Follow the instructions to find your new name.
B. Once you have your new name, put it in the subject box and forward it to friends and family and co-workers. And don't go all adult - a senior
manager is now known far and wide as Dorky Gizzardsniffer.

The following is excerpted from a children's book, Captain Underpants And the Perilous Plot Professor Poopypants, by Dave Pilkey, in which the
evil Professor forces everyone to assume new names...

1. Use the third letter of your first name to determine your new first name:
a = snickle
b = doombah
c = goober
d = cheesey
e = crusty
f = greasy
g = dumbo
h = farcus
i = dorky
j = doofus
k = funky
l = boobie
m = sleezy
n = sloopy
o = fluffy
p = stinky
q = slimy
r = dorfus
s = snooty
t = tootsie
u = dipsy
v = sneezy
w = liver
x = skippy
y = dinky
z = zippy

2. Use the second letter of your last name to determine the first half of your new last name:
a = dippin
b = feather
c = batty
d = burger
e = chicken
f = barffy
g = lizard
h = waffle
i = farkle
j = monkey
k = flippin
l = fricken
m = bubble
n = rhino
o = potty
p = hamster
q = buckle
r = gizzard
s = lickin
t = snickle
u = chuckle
v = pickle
w = hubble
x = dingle
y = gorilla
z = girdle

3. Use the third letter of your last name to determine the second half of your new last name:
a = butt
b = boob
c = face
d = nose
e = hump
f = breath
g = pants
h = shorts
i = lips
j = honker
k = head
l = tush
m = chunks
n = dunkin
o = brains
p = biscuits
q = toes
r = doodle
s = fanny
t = sniffer
u = sprinkles
v = frack
w = squirt
x = humperdinck
y = hiney
z = juice

Thus, for example, George W. Bush's new name is: Fluffy Chucklefanny.
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Old Apr 6th 2006, 1:25 am
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Default Re: Tax on house sale in the UK ?

Originally Posted by Tootsie Frickensprinkles
See what you get

Thus, for example, George W. Bush's new name is: Fluffy Chucklefanny.

Good morning, I am Dorfus DippinSniffer, nice to meet you
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Old Apr 6th 2006, 1:47 am
  #24  
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Default Re: Tax on house sale in the UK ?

Originally Posted by Sarah
Good morning, I am Dorfus DippinSniffer, nice to meet you
lol, Hi the names Gorilla Dunkin.... Sleezy Gorilla Dunkin
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Old Apr 6th 2006, 1:59 am
  #25  
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Default Re: Tax on house sale in the UK ?

Originally Posted by anotherlimey
lol, Hi the names Gorilla Dunkin.... Sleezy Gorilla Dunkin

Cheesy Bubblelips!!
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Old Apr 6th 2006, 2:13 am
  #26  
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sneezy frickenbutt
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Old Apr 6th 2006, 2:21 am
  #27  
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Its getting to be like a porn star convention in here!
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Old Apr 6th 2006, 2:37 am
  #28  
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Dorfus Gizzardhump
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