neil78
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Posts posted by neil78
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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
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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!).
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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.
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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!
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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,
Who says kids are dumb nowadays?
in The Lighter Side
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