Jump to content
House Price Crash Forum

Recommended Posts

I am amazed to learn that non residents who dabble in the UK Housing Stock do not pay any CGT at all!?

Can this be true?

Write to your MP, or better still Dr Vince Cable, or the new Treasury Secretary (Laws) whilst there is still time to get this changed??

Share this post


Link to post
Share on other sites

A non resident investing in any asset in the uk pays no cgt , shares, bonds real estate you name it , Given the uk runs a massive deficit saying no to foreign capital ( which in effect is what you are doing as nothing is worth investing in at 40% tax if all your alternatives are zero tax ) would mean the lights go out in the uk as it would not be possible to fund the deficit ...

Share this post


Link to post
Share on other sites

I am amazed to learn that non residents who dabble in the UK Housing Stock do not pay any CGT at all!?

Can this be true?

Write to your MP, or better still Dr Vince Cable, or the new Treasury Secretary (Laws) whilst there is still time to get this changed??

Good idea. We must protest as much as possible. Otherwise foreign buyers (with stronger currencies) will keep propping up house prices! Let's write these emails people, please.

Share this post


Link to post
Share on other sites

That's why you need to move to the Netherlands for one year to dispose of your BTL portfolio.

VMR.

That too. It will be a loophole, and must be closed.

Was closed many years ago.

Share this post


Link to post
Share on other sites

Is there not a difference between funding the national deficit - bond buying etc and 'investing' in the national hosing stock?

well , as an offshore investor you pay no tax on the gilt income or the gilt capital gains , but on the real estate you pay no capital gains but you are with held 20% of the rent , on shares there is no cgt and no tax with held on divs but the company has already paid its corp tax , If you start charging tax on some assets but not others people will find a way round it , if you start taxing gilts then the market will just want a much higher rate of interest as reward , and you will be no better off probably much worse off ...

the only solution is for the country to live within its means , which is painful and involves a large amount of cuts to what people think they are entitled to ... pensions , benefits , free medical care etc etc .....

Share this post


Link to post
Share on other sites

I am amazed to learn that non residents who dabble in the UK Housing Stock do not pay any CGT at all!?

Can this be true?

Write to your MP, or better still Dr Vince Cable, or the new Treasury Secretary (Laws) whilst there is still time to get this changed??

This would not be a quick process as we woudl have to renegotiate a large number of tax treaties with other countries.

Share this post


Link to post
Share on other sites

That's why you need to move to the Netherlands for one year to dispose of your BTL portfolio.

VMR.

Actually the requirement is non resident for FIVE consecutive years (including the date of sale).

tim

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 259 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.