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  • Capital Gains - Sale of US Property

    Hi, I have two questions regarding Capital Gains and my self-assessment. I sold my US home in August 2022. 1. I have already paid my capital gains tax to the US in my 2022 US taxes. Do I claim the US tax paid back on my self assessment as "Foreign Tax Credit Relief"? 2. The sales price of the property was $120,000 (£93,100). As part of the contract, the buyer asked for a $4000 (£3104) credit towards his closing costs. The amount was deducted from my proceeds at the time of settlement. Is this an allowable incidental cost?Thanks in advance for your help!