Hi Guys,
a friend of mine is selling a house in the UK and has asked me for advice. I've told him to get an English accountant and suggested the Motley Fool website, which I presume is still out there. I've also sent them here but they are not computer savvy so I'm not expecting them to turn up.
They left the UK for Ireland a few years ago and have been renting the London property ever since, having originally lived in it. They are worried about CGT and, also, about the tax implications of repatriating the money.
They'll clear a decent five-figure sum from the sale, once the mortgage is paid off. I'm suggesting they look for a high-yielding account in the UK but any thoughts are welcome.
Rockflake
a friend of mine is selling a house in the UK and has asked me for advice. I've told him to get an English accountant and suggested the Motley Fool website, which I presume is still out there. I've also sent them here but they are not computer savvy so I'm not expecting them to turn up.
They left the UK for Ireland a few years ago and have been renting the London property ever since, having originally lived in it. They are worried about CGT and, also, about the tax implications of repatriating the money.
They'll clear a decent five-figure sum from the sale, once the mortgage is paid off. I'm suggesting they look for a high-yielding account in the UK but any thoughts are welcome.
Rockflake