Hi Karen, sorry for the late reply…last few days had so much to do lol…thank you so much for your amazing reply…you took your time and I am extremely grateful.
Will reply to you on each of your answers…
1= We both have have been granted Indefinite Leave in the United Kingdom so I guess we are ok?
2= You are right…if we start our new life in France and rent our home will be subject to CGT when we sell unless we came back to uk for a short period of time when the tenants leave.
I did a lot of research and i learned that UK is extremely fair as they don’t tax CGT the years you lived but only the years you rent while in France they don’t but sadly they will take into account all the years you had the property. Yes they give you a relief after year 5 of 6% for each year and a relief for social charges of roughly 1.75% also for each year.
After doing a basic calculation of what we paid and what will be potentially selling for …well we will still be facing a huge CGT bill even with French tax relief …and also even if they remove the CGT paid in UK simply because they don’t take into account the years that we lived in.
Anyone has done that or aware of this method, means going back to UK when the tenants move out ? I don’t understand how long we will have to came back and if one person is enough prior to sell as a main residence again and avoid CGT in France.
3= Related to previous answer
4= I looked into it but I still have to understand how I can use my limited company to do that…Im the only Director.
5= I understand any remote working in France as a self employed will be taxed in France and I am ok with that…won’t be many hours so will declare but I may have to go back to London few times a year for few weeks and from what I understand I can declare those hours to hrmc thru my company as I normally do as I carried out my work in British soil.
6 My remote work will be connected to live events in UK…
7 I have no issues of anyone looked into my company, as I mentioned before will declare accordingly.
I hope I replied to all your points but I really would like to know from you or anyone else if had similar experience about coming back home for a short period of time ( how long?) after tenants move out so the house will become our main residence again or if anyone knows how to legally use a uk limited company
Not an ideal scenario to come back in Uk if we have established our life in France again…but good to have a realistic legal option
Thank you