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offsetting loss on foreign holiday home
-
franceholidaymaker
- Posts:2
- Joined:Wed Aug 06, 2008 3:35 pm
As married couple some years ago we duly paid UK CGT on gain from selling French holiday apartment, (family use only), although zero was due in France. Now having moved to Portugal and sold this apartment at a loss is it possible to offset a capital gain on a bunch of aged shares against this? Have been selling "SID" shares etc progressively under CGT allowance and building ISA funds. (I know we can register the loss with HMRC by letter as neither of us requires a tax return.) So is this offsetting possible and any advice on how to handle this? I can't find any help in the CGT.gov pages. Also if we should rebuy a holiday home (Spain? Bulgaria?) and subsequently want to downsize in UK would we be due here for the nasty 3% stamp duty?
