Capital Gains Tax

[BlasterBates]

With vague thoughts of perhaps working in London a "ghoul" has raised its ugly head. *doom music* Capital Gains Tax *doom music*

How does one cope with what looks to me like astronomical rates.

In Germany and Switzerland I pay "nowt".

This is probably why everyone in the UK is obsessed with houses and not shares.

[threaded]

Open a company in Panama. Sell house to Panamanian company for x. Panamanian company sells house for you at y. Keep y-x out of country.

HTH

[Euro-commuter]

With vague thoughts of perhaps working in London a "ghoul" has raised its ugly head. *doom music* Capital Gains Tax *doom music*

How does one cope with what looks to me like astronomical rates.

Not make large sales of capital at one time, other than one's primary residence.

[tim123]

With vague thoughts of perhaps working in London a "ghoul" has raised its ugly head. *doom music* Capital Gains Tax *doom music*

How does one cope with what looks to me like astronomical rates.

In Germany and Switzerland I pay "nowt".

This is probably why everyone in the UK is obsessed with houses and not shares.

I presume you mean that you pay nowt on shares. You certainly have to pay CGT on houses in Germany.

tim

[BlasterBates]

correct, you hold shares for more than one year it is tax free.

So in Germany it is the other way round, property is a bad investment. You can see it reflected in the prices.

That may change in the next couple of years.