This continues from the hijacked thread "Property Hotspots in 2008" where Capital Gains Tax and income tax issues were discussed. I was hoping for some more advice/discussion so thought I'd start a new thread.

This seems to be an area which is not highlighted in all those glossy brochures we pour over. I've seen so many that advertise a place with the advantage that there is no Tax to pay . . . This doesnt matter as we are all governed by our home country's tax laws.

wherever we invest CGT, Income Tax, Inheritence Tax, in some countries a Wealth Tax will be due. We have to fill in the overseas country's tax forms, in some cases even if we have had no income from the property. Note although Uks tax year is from 6th April, this is not standard.

Some countries have double tax agreements (I'll copy Mickthe propertygurus list below). This still means we pay the overseas country's tax. But it then allows us to deduct this from our own country's tax bill.

Problems I forsee (apart from doing the maths!) are language of the overseas tax form, when investing in several countries the multiple overseas country's tax forms and the possibility and cost of having to hire local accountants.

I thought this could be simplified by employing a UK accountant to do all the returns. Does anyone know of one?

What do other people do re tax abroad?