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Living overseas

Selling and buying from overseas

3 replies

JooLoo · 03/08/2013 12:18

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.

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NotMoreFootball · 03/08/2013 16:42

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!

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JooLoo · 03/08/2013 17:55

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?

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Wibblypiglikesbananas · 04/08/2013 01:42

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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