- Original Poster
- #1
I’ve spoken to my accountant about this, but it’s not his ‘area’ so if anyone can suggest one, I’d appreciate it.
We export products from Dubai to the UK often and we are also looking to expand into real estate out there, I.e purchase residential properties to rent out in Dubai.
Has anyone had any experience in purchasing both commercial and residential property abroad (Dubai in this case) and what are the tax implications? Is it only CGT that we need to worry about?
We are wanting to send a director out there for part of the year to manage all this and will be needing put them up in a residential property - cost effective way would be to buy the property. I understand that this would attract BIK, but is there anyway around this?
Anyone suggest an accountant whose ‘area’ this is? Thanks
We export products from Dubai to the UK often and we are also looking to expand into real estate out there, I.e purchase residential properties to rent out in Dubai.
Has anyone had any experience in purchasing both commercial and residential property abroad (Dubai in this case) and what are the tax implications? Is it only CGT that we need to worry about?
We are wanting to send a director out there for part of the year to manage all this and will be needing put them up in a residential property - cost effective way would be to buy the property. I understand that this would attract BIK, but is there anyway around this?
Anyone suggest an accountant whose ‘area’ this is? Thanks
