Skip to main content
Level 3
April 28, 2023
Question

Capital Gains on Property (Client is resident but property was in the UK)

  • April 28, 2023
  • 1 reply
  • 4 views

Hello - I have a client that owned property in the UK.   It was sold in 2022.  There were capital gains in the UK.  Where do I report the gain on the clients 2022 tax return?

Thanks in advance.

This topic has been closed for replies.

1 reply

Level 7
May 1, 2023

You would report it on the same Schedule 3 as a Canadian capital gain, in the appropriate section (real estate?).  Translate to Cdn dollars using the historical rate upon purchase, the actual rate upon sale.