mbk34
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RE: What UK taxes to pay if selling a property in France
Thank you both, very helpful. -
What UK taxes to pay if selling a property in France
I have a 2nd home in France and am now considering selling. I expect it will raise around 350K Euros (nearly £300K). I will pay capital gains in France plus their social tax etc. The capital gains tax will be reduced because I have owned the property for 20 years. Do I pay any further taxes when I move the money to the UK? What is the best way of moving the money? I'm not sure what other info you'd need but I am 60 and have stopped working though I currently don't draw a pension. My wife is currently working and her income is around £16K. Our intention is to sell our main home and move out of London. We have 2 children (adults) aged 24 and 27. Thank you for any insight you can provide. M