neil78

Dumb? Pure genius if you ask me. They should be writing for Blackadder.............

OK, so it's not education, but I thought those of you who know would be here! How do I go about claiming the allowance as a resident here? I think that I know where to go (some distance away) but I would like to turn up with all the right papers. Is there anything I can do online?   Any help very much appreciated,   Neil

Thanks for all the advice. So, if I sell my UK house before 2007 I will, probably, have to pay no tax either in France or the UK, but after that date I will have to pay tax on the profit? Is that the difference in price between what I bought it for and the price I sell it for, or the profit I made after vacating the house? Do you know what the tax is , or is it some horribly complicated calculation (I somehow imagine that it's the latter!).

Thanks Will for you reply. I am currently renting out the house and as I think you say, if  i sell it within three years you I am exempt and  (I was told) after 5 years, due to another some other law. My problem has been to locate a specialist who can give me details of the French position if I can avoid paying tax in the UK. My solicitor who deals only with french matters didn't know.    

You could ring my friend, who lives near you, on 0555620868. His name is Paul, he is English and comes highly recommended. If he can't help you he will know a man that can!

Forgive me if this questiion has been asked a hunderd times before, but this is my first time on the site. My question is, does any one know the situation in respect of selling a house in the UK after one has bought a place in France (to live and work) in terms of tax ? The inland revenue said there were certain time limits one had to bare in mind that could ease the issue of tax. I don't know if I am liable and if so what I would pay tax on (the profit, the part minus the mortgage etc).   Any guidence would be gratefully recieved,