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Posted 8 months ago by Andrew
We are a non resi company selling a UK residential property and wish to use the straight line election. Do I calculate the gain as normal, including indexation allowance from the date of purchase many years ago to Dec 2017, then time apportion that total gain?
Posted 8 months ago by HMRC Admin 5 Response
Hi Jack

We do not answer capital gains queries on this forum however the more detailed guidance for a non-resident UK selling a UK residential property is here:
Work out your tax if you're a non-resident selling UK property or land - GOV.UK (www.gov.uk)
CG73788 - Non-Resident Capital Gains Tax (NRCGT) – Disposals on or after 6 April 2015 to 5 April 2019: Individuals: Special rules, and computation: Election for 'straight-line time apportionment' basis of computation

Thanks
 

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