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Where Taxpayers and Advisers Meet

Search found 6 matches

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by baconsarnie
Tue Jun 07, 2016 9:08 am
Forum: International Tax
Topic: Returning to the UK - CGT, Split Year Treatment and on-going tax
Replies: 3
Views: 1429

Re: Returning to the UK - CGT, Split Year Treatment and on-going tax

Hi Nikki Apologies I wasn't very clear. We have disposed of our house here not the house we have the in the UK. The UK has been rented out and we will live there when we return. We are aware of the changes to the tax rules. Our worry more is about the gain and bringing it back to the UK. Thanks again.
by baconsarnie
Tue Jun 07, 2016 12:13 am
Forum: International Tax
Topic: Returning to the UK - CGT, Split Year Treatment and on-going tax
Replies: 3
Views: 1429

Returning to the UK - CGT, Split Year Treatment and on-going tax

Hi everyone We moved overseas in February 2012 and will be returning in August this year, non tax resident for 2012/13, 2013,14, 2014,15 and 2015/16. We have made a substantial gain on our property that we have just sold and will at some point be brining this money into the UK. In the meantime it wi...
by baconsarnie
Sat Apr 02, 2016 9:13 pm
Forum: Capital Gains Tax, CGT
Topic: CGT liability on selling overseas property and returning to the UK
Replies: 7
Views: 1056

Re: CGT liability on selling overseas property and returning to the UK

The problem for me is that logically we shouldn't pay CGT as we will have purchased and sold the property whilst living in NZ. However it seems to complicated with SRT and split year ( which from what I have read discretionary on their part). Your point about residency is interesting. We purchased t...
by baconsarnie
Fri Apr 01, 2016 9:15 pm
Forum: Capital Gains Tax, CGT
Topic: CGT liability on selling overseas property and returning to the UK
Replies: 7
Views: 1056

Re: CGT liability on selling overseas property and returning to the UK

Thanks for your reply. We have NZ permanent residency. We won't be selling the UK house only the NZ one. We will move back into the UK one. I will look at split year treatment, I've been looking more at residence status stuff and got myself in a pickle as we won't have been away for 5 full tax years...
by baconsarnie
Fri Apr 01, 2016 7:18 pm
Forum: Capital Gains Tax, CGT
Topic: CGT liability on selling overseas property and returning to the UK
Replies: 7
Views: 1056

Re: CGT liability on selling overseas property and returning to the UK

That's good news, thanks. Just another question - we will be returning the in the same tax year as we sell it and will become UK resident for tax purposes. We are planning to bring some of the money over - will this be taxed as income? I have been driving myself mad reading up on tax and CGT on worl...
by baconsarnie
Fri Apr 01, 2016 11:10 am
Forum: Capital Gains Tax, CGT
Topic: CGT liability on selling overseas property and returning to the UK
Replies: 7
Views: 1056

CGT liability on selling overseas property and returning to the UK

Hi We have lived in New Zealand since 2012 and currently own a property here but have not lived in it yet (we have owned it for 3 years), we also own a property in the UK that is rented out. We are looking to return to the UK this year sometime and will return to live in our UK property. We will sel...

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