Selling Flat: Before/During/After Move
closing in on COPR and making the big move, my flat is going on the market and i expect to have about £80k after the sale.
chances are it won't sell before I move, so it will get paid into a UK bank account, where I will leave it until the pound gets better against the dollar and just move over small quantities as and when needed if i have to go beyond my savings for emergencies.
1) If it sells after i activate my COPR do i have to pay a tax in Canada, or as it is an asset that I will put on my "Goods to follow" as a conveyance am i ok?
2) is there any problem with leaving it in the Uk and awaiting a better exchange, any additional tax, i know i have to declare large amounts coming in, but can anyone foresee a problem with my plan i naively cant?
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