Accounting, Capital Gains Tax, Software Package, Taxation

UK Resident with Property Abroad

If you are resident in the UK and you inherit a property overseas, you are liable to tax on any income you receive from it, for example, rental income.

If you have a property overseas and sell it, you are liable to CGT on the gains. The rate you pay depends on your other UK-taxable income, and what type of property you sold eg residential property attracts a different rate.

This is worth a read.

About Phoenix Debola Accountancy Practice

Accountant | Tax Specialist

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