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Selling and buying from overseas

(4 Posts)
JooLoo Sat 03-Aug-13 12:18:22

Posted this under property/DIY but might get more response here. What do I need to thank about if selling my UK property then buying another which we will eventually move to. Am already on to mortgages which I know can be a pain as an expat. What else do I need to think about ?! Thanks.

NotMoreFootball Sat 03-Aug-13 16:42:59

We had to declare a property sale in the UK when filing a local tax return, fortunately there was no extra tax to pay here but not sure how it works in every country!

JooLoo Sat 03-Aug-13 17:55:16

Thanks, I won't have to pay tax here. If its my sole residential property (lived in for 5 years and rented for 2.5) does anyone know if we need to declare in UK?

Wibblypiglikesbananas Sun 04-Aug-13 01:42:14

We are in a similar position. Our US accountant (UK/US expert) told us that the way to get around capital gains was to go to the UK and literally live in the flat for a day before a sale. I have no idea if this would/will work but that's what he said! If you're in the US, I can pass on his details.

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