Skip to main content

This is a new service – your feedback will help us to improve it.

Posted Mon, 29 May 2023 12:07:25 GMT by Michaela Robinson
We lived in our UK family house for 7 years from 2004 before moving abroad in 2008 and have been renting it out long term ever since. We now want to sell the house but buy a small apartment. We have tried imputing the details several times into the CG calculator on GOV.UK but really struggling to understand which of the three tick box choices we would have to choose as there is a big difference in cost, we would like to know roughly how much we would need to pay before selling. Please help! 1)Straight line apportionment method , 2)Rebasing 3) Gain over whole period of ownership method
Posted Wed, 31 May 2023 13:12:45 GMT by HMRC Admin 25
Hi Michaela Robinson,
It is up to you which method you choose.
The rebasing method can apply as you owned the property prior to 2019 and its the market value at that date rather then 2004.
This may be more beneficial.
More guidance is at:
Work out your tax if you're a non-resident selling UK property or land
Thank you. 

 

You must be signed in to post in this forum.