Question:

If I sell a house in the UK and take the money to the US to buy there, do I have to pay capital gains tax?

by  |  earlier

0 LIKES UnLike

If I sell a house in the UK and take the money to the US to buy there, do I have to pay capital gains tax?

 Tags:

   Report
Answer The Question I've Same Question Too

2 ANSWERS

Sort By: Date  |  Rating

  1. It depends on your personal circumstances.  Are/were you a UK resident for tax purposes?  Was the property in the UK your main residence?  If the answer is yes to both questions then you  should not have to pay CGT.

    What you may or may not do with money gained from the sale of a property is irrelevant for the purposes of calculating CGT liability.


  2. yes you have to pay capital gains tax for the charge.
You're reading: If I sell a house in the UK and take the money to the US to buy there, do I have to pay capital gains tax?

Question Stats

Latest activity: earlier.
This question has 2 answers.

BECOME A GUIDE

Share your knowledge and help people by answering questions.
Register Now