Quote:
Originally Posted by agohil
Hello
I am just about to sign my contrat for a studio appartment in the pacific development and was just wondering if anyone could advise if it would be better for a high tax band earner to buy the property via a 'company' to avoid paying 40% on rental or income for sales if i brought the money back into the uk?
Also does anyone know what service select can provide in finding people to rent the apprtments...
Thanks
Atish
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capital gain tax is flat rate 18% from this april on sale of yr property.u also have a capital gain allowance of £9000.if the property is on two names u get the double allowance. u can show yr property as a holiday home for personal use.after getting residence visa u can have current acct in UAE which gives u a debit card.u can withrow money from cash machine in any part of the world.u know what i mean.