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Where Taxpayers and Advisers Meet

Sold only property abroad to buy only property in UK

Robsome
Posts:2
Joined:Sun Jul 03, 2016 12:06 pm
Sold only property abroad to buy only property in UK

Postby Robsome » Tue Jul 05, 2016 8:58 am

Hi,

I'm moving back to the UK after a stint abroad and I'm coming back with a wife.

My wife had a property before I met her whereas I've always rented. She's sold her property abroad and we're about to transfer the money to the UK.

Logically we shouldn't have to pay any capital gains or other tax since it's my wife's house, she's paid all taxes abroad, so the UK shouldn't give us any problems.

However, I want to be sure there's not some tax I'm unaware of that could hit because we're married, moving so much money in one transfer, etc.

Thanks in advance,

RS

bd6759
Posts:4270
Joined:Sat Feb 01, 2014 3:26 pm

Re: Sold only property abroad to buy only property in UK

Postby bd6759 » Tue Jul 05, 2016 9:34 am

There are no UK tax implications. Always good to have records to show the source of the capital.

Robsome
Posts:2
Joined:Sun Jul 03, 2016 12:06 pm

Re: Sold only property abroad to buy only property in UK

Postby Robsome » Tue Jul 05, 2016 10:37 am

many thanks


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