Skip to main content

This is a new service – your feedback will help us to improve it.

Posted Tue, 17 Oct 2023 19:26:45 GMT by glt
Should I be declaring the capital gain on sale of a foreign property as Residential Property or Other Property?
Posted Thu, 19 Oct 2023 14:32:14 GMT by HMRC Admin 25 Response
Hi glt,
This should be shown as residential property.
Thank you. 

 
Posted Wed, 04 Dec 2024 15:02:19 GMT by I R
please confirm the calculation on sale of a agriculture land overseas. 1. calculate the pound value for purchase (including the expense like stamp+brokerage+registration fee+advocate fee) 2. calculate the pound value for sale (including the expense like brokerage) 3. Gain/Loss = Sale - Purchase 4a. If Gain then pay the tax in the country of sale (lets say 20%) and what is the %age CGT will be applied on the gain if the person is lower bracket income? 4b. If Loss then record note the loss and if any future gain then it could be offset the loss with the gain in future (within 4 years); Should this loss and gain be notified together in the tax year when this happens? Please answer the question 4a and 4b
Posted Mon, 09 Dec 2024 10:11:19 GMT by HMRC Admin 18 Response
Hi,
Please refer to:
Capital Gains Tax: what you pay it on, rates and allowances
Thank you.

You must be signed in to post in this forum.