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Old 04-25-2011, 11:59 AM
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US greencard holder and foreign capital gains tax liabilities
hi,

i have owned a UK house since 2003, not lived in it since 2005, and been a US Greencard holder since 2009. I am considering selling the house and questioning the amount of CGT i would incur both in UK and US. I currently offset mortgage interest/costs etc in US tax return. House mortgage is 375K. Selling price is 775K. With estimated 3% in selling costs. thanks.


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