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wilson_louise Wilson

wilson_louise Wilson

Joined: 10/18/2024

  • FIRPTA and UK Capital Gains - where do I pay tax

    Fri, 18 Oct 2024 08:54:57 GMT – FIRPTA and UK Capital Gains - where do I pay tax
    I recently sold a short term holiday let in Florida and had 15% of the gross sale price (before any deductions, so this is not 15% of profit) withheld under the USA's FIRPTA regulations. I need to pay capital gains tax but I am unsure whether I should pay in the UK and claim it back from the withheld FIRPTA in my US tax return, or if I should pay in the US and offset against my UK capital gains tax return.