Re:EU top court confirms Apple's €13 billion tax bill in the EU
by sparrc on Tuesday September 10, 2024 @06:52PM
(#41506426)
You are correct, but this only applies because:
> Unlike the UK, the US levies capital gains tax on proceeds from the sale of a main residence.
I understand why it can feel unfair but by definition this is not "double taxing". The gains on the house were not taxed by the UK which is why he had to pay US taxes.
I am not a tax person, but selling a house can cause you to owe tax in the US even if you did not owe any tax in the country you are living in (and sold the house in).
Famously one of the reasons Boris Johnson tried to give up his US citizenship (https://www.bbc.com/news/uk-politics-30932891).