Many thanks prompt reply. If I understood right after paying
3.5% Austrian tax ( €5600) the balance of € 144600 that I intend to transfer to my bank in UK will be subjected to UK tax. Could you tell me what the percentage of this tax will be?
I am a basic tax payer. My annual GROSS income before deduction of personal allowance is 12.5k p.a. The house I am selling was put in my name by my parents in Austria 8 years ago. Assuming that the net income after expenses and Austrian Tax is € 140k, which rate of tax would I pay, 18% or 28%?