Query re Capital Gains Tax on Foreign Property

G

guzzler

Registered User
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59
Hi

I recently sold a foreign property in China and am currently calculating my capital gain tax liability. I sent out 12,000 euro as part of the sale as there was a shortfall to pay off the mortgage. Can somebody please let me know if I can deduct this sum in calculating my CGT liability.

Thanks
 
Unfortunately not. All other costs of disposal/acquisition are allowable against the 'profit' though.
 
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