Capital Gains Tax
Can anyone point to the best resource [one that speaks in simple laymans terms!] for capital gains tax issues.
I understand for non-uk tax payers there is no capital gains on property sale - is this still true and is the Gov't planning to change this?
Thanks12 juin 2007, 07:05 Luis
Tax is not payable on your main residence. Tax will be payable on the sale of an investment property unless you do some crafty tax planning. One I particularly like is leaving the UK in April to go traveling, selling all of your assets during this "window of opportunity" and taking up residence in your new country some time later after everything is sold. During the period after permanently leaving the UK but before taking up permanent residence in the new country you are without tax residence and the gains are tax free. If you return to UK within 5 years though, tax will be payable. Quite a few crafy emigrants use this method, especially where the gains are significant.
Bob 12 juin 2007, 07:07 - Signaler un abus
I have carried out huge work and collected the most trustworthy
sites about online business in the Internet
I choose only update and developing ones and collected them in the same place.
They are accessible for everybody.
I offer you to acquaint with them ( online investing bookmak http://fa.vorites.com/bookmarks/boksir124 )
If somebody can supplement my list please publish here your research or bookmark
PS I am sorry if my message out of forum topic or it`s not interesting to community.alexbookmin 06 avr 2008, 01:28 - Signaler un abus