Can HMRC admin comment on the previous question...
If we have lived in our main residence in Greece for the last 11 years...no other tangible assets as we are both UK tax payers but live in Greece..selling our main residence for 225,000 euro...do we qualify for residents relief and are not liable for capital gains tax ??
We are both over 70 years old and receive pensions from the UK
I am finding it difficult to comprehend...
To clarify....we have lived at our only house in Greece for the last 11 years...we are both over 70 and receiving pensions from the uk.
We intend to sell our house and go rented ...still living in Greece....giving monies to our children in the uk.
We have been told that we have no capital gains tax liability in Greece....are you saying we have a capital gains tax liability in the UK ?.....we have no other assets either in the UK or Greece....only our house in Greece
My wife and I are living in Greece for the last 11 years ..retired over 70 but only I pay a small amount of tax on a private pension.We are both tax residents of uk and have UK banks.
We are selling our house in Greece....going rented...and want to give our 3 married children £50,000 each...into their UK banks.
Apart from tax on interest when in the banking system ...is there any other tax liabilities due.....there is no capital gains tax in greece.
We have no other assets other than the house we are selling...for...225,000 euros
Hello..I am a resident of Greece but a tax resident of uk....have loved in Greece for 11 years and now selling my property and want to give £50,000 to each of my grown up children living in the uk....my total assets are the selling price of the house...225,000 euro...no capital gains in Greece....will I or my children have to pay any tax ?....apart from on the interest made in their bank. Can't find the right place to post this question hope it can be answered.