Do non-UK tax residents have to pay capital gain tax over sold properties?

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    Do non-UK tax residents have to pay capital gain tax over sold properties?

    Hello,
    I am selling my UK property which was my sole property and my sole UK residence until I moved to another EU country in 2008. The UK property was let out in all these years until the sale. Will I need to pay any tax in the UK on the property sale? Thanks in advance.

    #2
    Yes, but for non-residents, only the capital gain from 6 April 2015 is counted for capital gains tax.

    So if you have owned the property for 15 years and expect a capital gain of say £300K , then only the gain in one year = £20K is taxable .

    Also you have a capital gains personal allowance of £11K which can be deducted from 20K , and so the amount £9K is liable for tax .

    Comment


      #3
      Hopefully the OP is registered with HMRC as a non UK resident landlord already and been paying income tax, which will simplify things.
      When I post, I am expressing an opinion - feel free to disagree, I have been wrong before.
      Please don't act on my suggestions without checking with a grown-up (ideally some kind of expert).

      Comment

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