I want to sell my property in Turkey. Will I get taxed by the British government when bringing funds to UK?

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I want to sell my property in Turkey. Will I get taxed by the British government when bringing funds to UK?

I have owned it for almost 2 years.

2006-12-07 20:49:22 · 3 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United Kingdom

3 answers

How you will be taxed will depend upon your domicile and residence status.

If you are resident and domiciled in the UK then you will pay tax on the capital gain even if you do not bring the money back to this country. I have no idea about the tax system in Turkey but there may be some form of double taxation relief available.

2006-12-08 00:33:31 · answer #1 · answered by tringyokel 6 · 1⤊ 0⤋

This is the United Kingdom under a labour government of course you will be Taxed.

2006-12-08 04:52:45 · answer #2 · answered by Thornsey 4 · 2⤊ 0⤋

Yes you will get taxed

2006-12-08 04:51:03 · answer #3 · answered by Bella 7 · 0⤊ 0⤋