Afternoon
I have a situation whereby a client has acquired a property on the death of their father. The property is based in France. Client is UK resident. The property has been sold now and there is a loss from the amount transferred to him on death. Is this an allowable capital loss to be declared in his tax return?
What happens also if he decides to move to France. My understanding is that the loss remains until any future UK capital losses.
Thank you
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