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Where Taxpayers and Advisers Meet

Search found 5 matches

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by annasproperty
Sat Jun 29, 2019 5:24 pm
Forum: Capital Gains Tax, CGT
Topic: CGT on a Foreign Property
Replies: 4
Views: 3378

Re: CGT on a Foreign Property

Thanks for your reply. Luckily, I'm not liable for the income tax in the country where the property is situated. I'm looking to sell it for £30k. I lived in the flat for 8 years with the relative who had gifted it to me as per the terms of the written gifting agreement the we had - all in accordanc...
by annasproperty
Sat Jun 29, 2019 4:50 pm
Forum: Capital Gains Tax, CGT
Topic: CGT on a Foreign Property
Replies: 4
Views: 3378

Re: CGT on a Foreign Property

Thanks for your reply.

Luckily, I'm not liable for the income tax in the country where the property is situated. 'm looking to sell it for £30k.
by annasproperty
Fri Jun 28, 2019 7:24 pm
Forum: Capital Gains Tax, CGT
Topic: CGT on a Foreign Property
Replies: 4
Views: 3378

CGT on a Foreign Property

Hi all, I am a UK tax resident and I own a property abroad (EU) in which I lived before I moved to the UK 7 years ago. The property had been gifted to me prior to my move in 2004. The property is empty at the moment and I keep paying the service charge and the bills. I had it let for 12 months but t...
by annasproperty
Fri Aug 31, 2018 3:10 pm
Forum: Property Taxation
Topic: Overseas Property - Self Assessment
Replies: 2
Views: 1009

Re: Overseas Property - Self Assessment

maths, thank you for responding. I spoke to tax offices in both countries and they confirmed tax liability in Poland and the UK. Main liability is in Poland where the income comes from and then in the UK due to the tax residency. Like you said I will be able to claim the property allowance (or the e...
by annasproperty
Thu Aug 23, 2018 4:45 pm
Forum: Property Taxation
Topic: Overseas Property - Self Assessment
Replies: 2
Views: 1009

Overseas Property - Self Assessment

Good afternoon, I'm getting ready to rent my property overseas (Poland) for the very first time. I personally own it and my tax residency is in the UK. I spoke to the tax office in Poland and was told that, by law, I would be taxed in Poland on any income I made from the rental even though my tax re...

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