▲ 3 r/JapanFinance
Capital gains on foreign house sale
Hi all,
I'm currently in the UK but planning to move to Japan with a spouse visa. We have a house in the UK that we are selling but that process is taking a long time.
My question is what happens if we decide to move to Japan and then sell the house. I would have to pay capital gains tax in the UK on the house. But what would the treatment in Japan be? Does the double taxation treaty cover this or do I have to pay either capital gains or income tax as foreign income on the proceeds of the sale?
u/bingley-bongley-boop — 4 days ago