MissMuffet
Registered User
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Hi, I bought an apartment in Dubai 5 years ago & lived it in for 3 years. I returned to the UK 2 years ago & it's been rented out since but I haven't been making any profit.
If I sell it next year I will come out w/ approx. £100k (having invested £70k in it initially).
I want to bring the money back into the UK to pay off some of my UK mortgage but don't know the best way to bring the money back. I assume I can't escape CGT, would offshore be an option? If I have to pay CGT how much would it be?
Any help would be gratefully received. Thanks.
If I sell it next year I will come out w/ approx. £100k (having invested £70k in it initially).
I want to bring the money back into the UK to pay off some of my UK mortgage but don't know the best way to bring the money back. I assume I can't escape CGT, would offshore be an option? If I have to pay CGT how much would it be?
Any help would be gratefully received. Thanks.