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Previously on "Tax adviser for overseas property sale"

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

    Leave a comment:


  • bcontractor
    replied
    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.

    Leave a comment:


  • courtg9000
    replied
    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.

    Leave a comment:


  • Lance
    replied
    Originally posted by NowPermOutsideUK View Post
    Going to an accountant that specialises in this will be very expensive
    but cheaper than getting it wrong...

    Leave a comment:


  • NowPermOutsideUK
    replied
    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

    Leave a comment:


  • bcontractor
    started a topic Tax adviser for overseas property sale

    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.

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