Ok thank you for kind reply. Ive no idea when the sale will actually happen due too complications with sale process in portugal. But when and if it happens I believe I pay capital gains. Via my lawyer in portugal on any capital gain i make on sale too portuguese tax authorities. What documentation should I insist on from lawyer. To prove cap gain paid in portugal. Too satisfy as proof too hmrc when I declare in uk
Hi i bought a small house in portugal in 2007 My total outlay was roughly £45 k. Including fees at that time. I am now in process of selling it for 99 k euro. I will have many fees too pay as i have to pay Say 20k euro. Then will have too pay capital gains on any profit left. Then send remaining funds back too uk. Am i also liable for tax in uk Capital gains etc.