Month: March 2014

Home / 2014 / March
Buying a holiday home abroad – the tax issues

Buying a holiday home abroad – the tax issues

Here’s a video Felicity and I filmed in Umbria, with the help of a friendly black cat with very sharp claws.

The video looks into your responsibilites around tax if you buy a property abroad, and the extra things you have to do if you let it out, even a little.

http://youtu.be/6j2G7MPu17w

The video touches on UK income tax, Capital Gains Tax (CGT) and Inheritance Tax, as well as claiming foreign tax credit against your UK bill.