06 Jan 2011 10:51 PM
|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 |
07 Jan 2011 12:47 AM
|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.|
07 Jan 2011 9:47 AM
|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.|