EMidlands7
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Transferring personal money to UK
Hi. My apologies if the answer to my query has been made before.. I understand that CGT following the sale of overseas property may be required when transferring the money into the UK. Several replies to similar questions advise that CGT may be payable. However in our case CGT has been paid locally so will the gain be taxed a second time by the UK or is it possible to obtain a certificate or proof of payment from the local government that will mitigate paying tax a second time ie in the UK? I believe double taxation agreements are in place for many countries and this might be of assistance in mitigating CGT. Thanking you in advance.