pk
Level 15
Level 15

Deductions & credits

@flyoverfred , generally US taxation of this would take place without regard to UK  tax laws and effects thereof.

  There are a few and if and buts  -- so we really need more info on the exact situation ---

(a) You are Green Card holder -- are you married? and if so did you spouse also use this property as her main residence?  When did you move to the USA and ditto for your spouse (if) ?

(b) When did you acquire the property ( date ) and when (date ) did you stop using  this property as your main home  for both , if married )?

(c) How did you use the property  from the date you left UK  till date of sale ?   second home, rented out ( let out ) at market rent, had relatives/friends use  or what ?

(d) Acquisition Cost, Cost of all improvements during your usage as main home, sales price, cost of sales ( commission, sales prep/repairs etc to help sell. transfer tax etc. etc. ) ?

(e) UK taxes  are provisional or final ? 

 

Please answer as many as you can  --- you can use approximate figures   if you wish  for monetary data.

 

I will await your response 

 

pk