Skodash
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RE: Capital gain after holiday home overseas sale
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 -
RE: Capital gain after holiday home overseas sale
How can i get an answer too this from hmrc representative on this forum ? -
Capital gain after holiday home overseas sale
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.