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Posted Thu, 18 Apr 2024 13:10:24 GMT by earlythan Fielding
I am resident in the Uk and pay tax here. I have sold a property I owned in France and paid a small amount of capital gains as caluclated by a Fiscal representative in France. Can you let me know if I am still required to register the sale in the UK and if so how long I have to do this? Thank you
Posted Tue, 23 Apr 2024 15:46:04 GMT by HMRC Admin 25
Hi earlythan Fielding,
Yes, you need to report the gain in the UK:
Report and pay your Capital Gains Tax
Thank you.
Posted Wed, 24 Apr 2024 12:32:54 GMT by CGTdoubt
Im a UK tax resident, just sold my overseas properties in December 2023. The property is my main residence in overseas. Do I need to report and pay capital gain tax for this ?
Posted Wed, 01 May 2024 06:27:22 GMT by HMRC Admin 25
Hi CGTdoubt,
As you are a UK resident when you disposed of the overseas property, you may find that your Private Residence Relief will cover and gain arising.
You will need to work this out.
To do this all parts of the calculation will need to be in pounds sterling.
You would need to obtain your disposal value and convert to sterling using a just and reasonable exchange rate.
 For your convenience, there are exchange rates here:
Exchange rates from HMRC in CSV and XML format
For older rates at:
Exchange rates
You are free to use any of the supplied rates or one of your own choosing, such as one from a recognised stock exchange.
You can find guidance on calculting Private Residence Relief here:
HS283 Private Residence Relief (2024)
And a calculator here:
Tax when you sell your home.
You will need to declare the disposal in a Self Assessment tax return.
Thank you. 

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