Finances AbroadMaking the complicated simple!

In most countries there is some form of capital gains tax that must be paid by law. However, these laws vary from country to country.

Broadly speaking, when you sell a capital asset, such as your house, the difference between the basis in the asset and the amount that you sell it for is a capital gain or a capital loss.

Capital gains taxes are only triggered when an asset is realised, not whilst it is held by the investor.

More information on UK Capital Gains Tax

More information on US Capital Gains Tax

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