Archived Discussion Topic

Capital gains tax       started by THEDEMON on 06 Jan 2011   (23314)
Message InfoMessage
From THEDEMON

06 Jan 2011 10:51 PM
(110004)
CAPITAL GAINS TAX If we leave money from our house sale in the UK due to the poor exchange rate, what are the laws on this ? Anyone know what is the best thing to do ? THANKS in advance
From Mindblower

To THEDEMON

07 Jan 2011 12:47 AM
(110006)
Apparently its any gain on the value since you left i think, as uk falling you will be ok we sold uk after 9 months here, no tax.
From kildrummy

To THEDEMON

07 Jan 2011 9:47 AM
(110010)
Money or cash is ok since its growth does not constitute a capital gain and anyway cash in bank intrest is taxed at source. Houses, other non cash assets or pensions are differant.