Owning the two properties is part of our transition into retirementQ My wife and I live in a house in the UK which we own together. Recently, we jointly bought a property in Greece with the ultimate intention of moving there on a permanent basis once we have both retired.In the meantime, I may spend increasing amounts of time at the house in Greece as I will be retiring soon. My wife is not ready to retire and intends to continue working, possibly on a six-monthly on/off basis, spending her off time with me in Greece and her work time at home in the UK. When she also retires, we will then sell our UK home. Will this sale be liable for capital gains tax? Neither of these properties will be let out and the owning of the two properties is part of our transition into retirement. DSA Lucky you! I hope you have managed to find a suitable kafeneion (coffeehouse) to hang out in while your wife does all the work (my other half’s retirement dream but strangely not mine). Continue reading…
Source : theguardian.com
Read more…We’ve bought a house in Greece – will we pay tax if we sell our UK home?
