Tax on rental property
2 posts • Page 1 of 1
by Alan Jones on Sat Apr 03, 2004 9:25 am
I have live in Germany for the passed 7 years and would like to know what my UK tax position would be as an overseas resident if I were to buy a buy to let propery in England, with regards to renting it out for say 5 years and then selling it again viza viz Capital gains tax etc etc.?
- Alan Jones
- Posts: 10
- Joined: Wed Aug 06, 2008 3:04 pm
by Ian McTernan CTA on Sat Apr 03, 2004 12:01 pm
You will pay UK taxes on the income, but no UK CGt on sale. You will be liable to German CGT on the sale. You will also have to report the UK income on your German tax Return and claim a credit for any UK tax paid.
Ian McTernan CTA
McTernan Associates Ltd
Chartered Tax Advisers
ian@imcternan.com
Ian McTernan CTA
McTernan Associates Ltd
Chartered Tax Advisers
ian@imcternan.com
- Ian McTernan CTA
- Posts: 1131
- Joined: Wed Aug 06, 2008 3:02 pm
2 posts • Page 1 of 1
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