Anne Corcoran
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RE: How to claim foreign tax credit relief
On a gain of 114k I have already paid £10500 in France - another £20k (which is the current tax calculation on self-assessment ) would make it 27% CGT for a basic rate tax payer ?? -
RE: How to claim foreign tax credit relief
I have tailored the return to include Yes to claim foreign tax credit & entered the amount but in the final calculation of tax owing there is no recognition of capital gain tax already paid in France on the total gain -
How to claim foreign tax credit relief
On self assessment I have completed Foreign Income & declared Capital Gains on sale of holiday flat in France. I paid CGT in France to the French authorities on the sale - do I get this amount of tax already paid on the gain taken into consideration by HMRC ? If so what form / part of self assessment do I need to complete