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  • Not really an investment question but I thought people here might know:

    A friend of mine is Portuguese, long term UK resident. When her mum died she inherited 50% of her mum's flat in Portugal (other half is her brother's who is in Portugal).

    A few years have gone by and now they are thinking of selling the place. It's seems there is CTG to pay in Portugal. Is it correct to that no UK tax liability would arise?

  • Is it correct to that no UK tax liability would arise?

    I guess...under what set of circumstances in this situation would no tax liability arise in the UK?

    A quick read of HMRC's stuff on this indicates that if you are resident, you pay CGT.

  • A quick read of HMRC's stuff on this indicates that if you are resident, you pay CGT.

    You'd likely (I've not checked if there is a treaty in place) get double tax relief on the Portuguese tax paid though.

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