tim_ironmonger Posted October 26, 2002 Share Posted October 26, 2002 OkTry this one thenIm English, my wife is French. We buy a property in France for 70000 pounds. We change our minds and want to come back to the UK. Can we sell the property in France releasing our lets say 70000 equity, without having to pay gains tax? Any comments would be kindly recieved.Thanks all Link to comment Share on other sites More sharing options...
HelenChaplin Posted October 26, 2002 Share Posted October 26, 2002 Wouldn't it be easier to rent for a year? Helen Link to comment Share on other sites More sharing options...
Moorejw Posted October 26, 2002 Share Posted October 26, 2002 If the property in France is your primary residence you won't pay CGT. Link to comment Share on other sites More sharing options...
Mazan Posted October 27, 2002 Share Posted October 27, 2002 >We buy a property in >France for 70000 pounds. We >change our minds and want >to come back to the >UK. Can we sell the >property in France releasing our >lets say 70000 equity, without >having to pay gains tax? You only ever pay GCT on the increase in value after deducting purchase costs and other expenses. Link to comment Share on other sites More sharing options...
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