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Deductions & credits
@flyoverfred , Article 6.1 through 6.3 of the USA-UK tax treaty allows ( and in your particular situation ) to tax rental income from the property situated in the UK and owned by a resident of the USA. Article 13 covers the taxability of the gains from alienation of real property situated in the UK by a resident of the USA --- in this case the operative portion of the sentence is "may be taxed " -- thus while UK "may tax the gains" it also does not preclude USA from taxing the gain. Note that the gain computation under the US tax laws is not congruent with that of the UK and of course US taxes US person ( citizen/resident--GC holder / resident for tax purposes ) on world income while UK taxes all on in-country sourced income. However to ameliorate the burden of double taxation, US does allow credit or deduction of taxes paid to another taxing authority when both admins are taxing the same income.
So, I am afraid your internet information regarding this situation (only ) is /was not correct.
Is there more I can do for you ?