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If I sell my home in the UK, and that sale goes through when I have become a tax resident in the USA, do I need to pay capital gains tax in either country?Edwards Finance > Capital Gains Q. If I sell my home in the UK, and that sale goes through when I have become a tax resident in the USA, do I need to pay capital gains tax in either country? A. Probably both. You should be able to use the foreign tax credit in the US to offset (part of) the UK tax.
Other Questions: Short term capital gains tax question Is the short term capital gains tax rate always 28% regardless of your tax bracket, or is it the lesser of the two rates? Anyone know what the short term capital gains tax rate is in Massachusetts? Is this paid on top of the federal short te... Short-term vs. long-term capital gainI have long-term capital gains from stock transactions last year, along with a small short-term capital loss. Can I reduce the long-term gain by the amount of the short-term loss? I was under the impression that short-term and long-term gain... captial gains tax on short-term investment returns I'm a tax-law dummy. Can anyone help me understand how to mitigate the confiscator tax rate on my short term capital gains for 1999?captial gains tax on short-term investment returns I'm a tax-law dummy. Can anyone help me understand how to mitigate the confiscator tax rate on my short term capital gains for 1999?-I have no idea what a confiscator tax is, but short term cap... How to minimize Capital Gains tax on Short Term and Long Term losses on stocks for this year and nextthis year was pretty bad for me and im trying to reduce the pain by taking advantage of offsetting my (potential) gains with my losses- both short term and long term. I have realised $6,000 Short Term Losses (STL) and $9,000 Long Term Losse... capital gains on real estateWe're renting our present home that we've lived in for 9 years starting April 1st. The rent covers the mortgage and the house will be paid off in 10 years. We live in Las Vegas where housing prices are climbing all the time. I've heard it's bes...
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