Just a thought... if we sell our house in France - which we own outright - to pay off debts in England (which were used to finance the house in the first place and is basically crippling us), will we still have to pay tax on the whole amount? If so, why? Because if we do have to pay tax when we owe so much money isn't that a little imorral of both the French and English governments. Surely it is in the best interest to everyone that we pay off debts first. I could understand that we might have to pay some tax on any money left over - if any!! It just seems double dutch that you work your butt off to earn money - which is taxed - then use that money - which as already been taxed - to pay off loans or finance a property and then when you sell have to give the money back to the government again - why?!! It's my hard earned money and if I'm in debt then obviously I need to pay my debts off first... any advice welcome!
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