CGT treatment of overseas home

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    #16
    Apologies, I have just seen your last comment. I was concerned initially that I had gone beyond the simple tax questions and should now be seeking professional advice (hence my comment about allowance).

    Yes I still do have an issue. My main question now centres around the treatment of the Dubai property.

    Here is where I am stuck. I now understand (thanks to you) about the relief I am entitled to for the UK property.

    If I now nominate the Dubai residence as principal private residence as from end of 2006 or mid 2007 (although it exceeds the two year rule I can provide plenty evidence that I had moved in). How does that now alter the calculations on the UK residence and can I safely assume that the same calculations I have used for the UK property would apply from this moment on with the Dubai property?

    I hope this is clearer. best regards

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