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Tax adviser for overseas property sale

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    Tax adviser for overseas property sale

    It might be a long shot, but I could anyone recommend a tax adviser who'd be able to advise on CG for the sale an overseas property with the added complexity of bare ownership.

    I am not sure if I'd trust my (old, contractor) accountant. I have a few names I've found on the internet, but I thought I'd ask here too.
    Last edited by bcontractor; 30 March 2021, 08:49.

    #2
    When you say bare ownership what do you mean exactly. As a Uk tax resident you will need to understand the country of the property tax law on cgt

    and then understand the double tax treaty. Going to an accountant that specialises in this will be very expensive

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      #3
      Originally posted by NowPermOutsideUK View Post
      Going to an accountant that specialises in this will be very expensive
      but cheaper than getting it wrong...
      See You Next Tuesday

      Comment


        #4
        If it's a US property I know an excellent expert. Liz Zitzow https://www.britishamericantax.com/ I have worked with her on brokerage stuff in the past. Really knows her stuff.
        If it's an EU property I would advise an account local to the property. They are generally better versed and know quite a bit about UK ways too.
        A contractor accountant in this country won't be of any use but a good local practice might know what they are doing.
        Former IPSE member
        My Website

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          #5
          The property is in the Italy.

          My understanding is - bare ownership aside - that, as UK tax resident, you pay capital gains on gains coming from the sale of overseas properties.

          There would be no liability in Italy, as the property was purchased over 5 years ago.

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            #6
            Originally posted by NowPermOutsideUK View Post
            When you say bare ownership what do you mean exactly.
            http://www.italian-lawyer.eu/naked-ownership

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