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Posted Wed, 28 Aug 2024 16:23:25 GMT by EMidlands7
Hi. My apologies if the answer to my query has been made before.. I understand that CGT following the sale of overseas property may be required when transferring the money into the UK. Several replies to similar questions advise that CGT may be payable. However in our case CGT has been paid locally so will the gain be taxed a second time by the UK or is it possible to obtain a certificate or proof of payment from the local government that will mitigate paying tax a second time ie in the UK? I believe double taxation agreements are in place for many countries and this might be of assistance in mitigating CGT. Thanking you in advance.
Posted Tue, 10 Sep 2024 09:58:51 GMT by HMRC Admin 25 Response
Hi EMidlands7,
A certificate is not applicable in this case. you need to report the sale and can claim Foreign Tax Credit Relief for foreign tax paid to reduce any UK liability for the same source.
Thank you. 

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