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Where Taxpayers and Advisers Meet

CGT on sale of overseas property

Posts: 1
Joined: Tue Apr 02, 2019 8:19 pm

CGT on sale of overseas property

Postby Seano » Tue Apr 02, 2019 8:25 pm

My wife and I own a property outside the EC which we have run as a holiday rental business for 6 years. We live in the UK and do not own a property here.
We are now selling to a buyer that wishes to take it is a going concern. The CGT on the gain will be over £400k.
Is it possible to claim entrenches relief instead or transfer ownership If the business into a company and sell that?

Posts: 7697
Joined: Wed Aug 06, 2008 3:25 pm

Re: CGT on sale of overseas property

Postby maths » Tue Apr 16, 2019 3:32 pm

Are they furnished holiday lettings?

How many properties are involved?

Which country is involved?

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