If in the future I sold all my assets & got possible inheritence would I have to pay tax if I left the UK before I sold them all?
2006-08-16 04:37:10 · 8 answers · asked by A . Z . 3 in Business & Finance ➔ Taxes ➔ United Kingdom
Not sure you are explaining yourself well.... would you inherit assets, leave the country, sell them? or sell up, emigrate and then receive an inheritance? or what???
leaving the county doesn't necessarily stop Capital Gains tax or IHT
2006-08-18 07:03:27 · answer #1 · answered by Squeak 3 · 0⤊ 0⤋
No Because they would'nt be your assets to pay tax on because you would have to pay tax on. The new owner would have to pay the tax not you.
2006-08-16 11:51:25 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Sorry, mate. Don't know what you mean. The only certainties in life are death and taxes....does that help?
2006-08-16 11:46:22 · answer #3 · answered by sammi 6 · 0⤊ 0⤋
Hmmm.... brings to mind the old proverb:
"A fool and his money are soon parted."
2006-08-16 11:43:45 · answer #4 · answered by copperyclover 3 · 0⤊ 0⤋
yes you will have to pay taxt
2006-08-16 11:50:32 · answer #5 · answered by Johnathon M 1 · 0⤊ 0⤋
yes and you can claim it back
2006-08-16 11:50:25 · answer #6 · answered by Anonymous · 0⤊ 0⤋
sorry i dont understand
2006-08-16 11:42:18 · answer #7 · answered by kimalison11 2 · 0⤊ 0⤋
.
2006-08-20 10:57:35 · answer #8 · answered by Anonymous · 0⤊ 0⤋