Hi,
I need some clarification on the following and would really appreciate it if someone can explain the following for me please.
I am looking to move to canada with my family this year and I am deciding on whether to sell my property in the uk or rent it out depending on the taxation implications.
1) If I decide to sell my property once I have settled in Canada, how much CGT do I need to pay bearing in mind I will be paying cgt in the uk as well?
2) If I rent out my property, what percentage of tax will I need to pay bearing in mind I've been told that the UK has personal allowance. Do they have something like this in Canada?
Thanks
I need some clarification on the following and would really appreciate it if someone can explain the following for me please.
I am looking to move to canada with my family this year and I am deciding on whether to sell my property in the uk or rent it out depending on the taxation implications.
1) If I decide to sell my property once I have settled in Canada, how much CGT do I need to pay bearing in mind I will be paying cgt in the uk as well?
2) If I rent out my property, what percentage of tax will I need to pay bearing in mind I've been told that the UK has personal allowance. Do they have something like this in Canada?
Thanks
