Landlords Alliance – Emergency Euro Elections Statement21:09 PM, 21st May 2019
About 3 days ago 70
An elderly aunt of mine bought her parents house under RTB many years ago. She then moved to Italy and allowed her sister to live in the house. My aunt want to sell the house.
Some questions arise
1. What tax considerations does she need to address? Im concerned that given she has a primary residence in Italy that she might be liable for CGT on the sale of the house in the UK
2. If she is liable, would the calculation be on the discounted price under RTB or of the pre-discounted price?
3. If she were to buy another house in the UK would she be liable for the additional 3% on the purchase as its a 2nd home.
4. Are there any other issues I have overlooked?
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