B
bones99
Guest
Hi all, I hope ye can advise me. I intend selling my residential property in the UK next year. It has appreciated by approx £100,000.00. For the past 4 years, the house has being rented out to the same tenant whom I have a good relationship with. I have not paid any tax on the rental income, but the property is rented through an agency.
My query is...is there any possible way of avoiding paying 20% cgt?. I was thinking if I transfer my tenants utility bills to my name for the forseeable future, and friends of mine in the construction industry can pay me a salary into my uk bank account, I can say that I have returned to the country after a period travelling....Am I dreaming here or is there a possibility to this?
Also even if the above works, how do i bring this considerable sum of money back to Ireland without alerting the relevant authorities??
My query is...is there any possible way of avoiding paying 20% cgt?. I was thinking if I transfer my tenants utility bills to my name for the forseeable future, and friends of mine in the construction industry can pay me a salary into my uk bank account, I can say that I have returned to the country after a period travelling....Am I dreaming here or is there a possibility to this?
Also even if the above works, how do i bring this considerable sum of money back to Ireland without alerting the relevant authorities??