Skip to main content

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

Posted Fri, 04 Aug 2023 11:28:57 GMT by
I bought my property in 2010 with my partner (jointly owned). We are living in it for all this time and that ours main and only residence. But now we are thinking to move aboard ( we are not UK nationality but we have got settle status and we did working in UK and pay tax in UK). We are thinking to let out ours property for one or two years time and then sell it after that time. How much Capital Gain Tax we have to pay, are we going to be able for any reliefs ( maybe for all this time what we were living in the property). Could anyone tell me what reliefs we can gets and maybe how to calculate this, please. Thank you for any answers.
Posted Wed, 09 Aug 2023 11:19:19 GMT by HMRC Admin 32 Response
Hi,

We cannot coment on future events so we cannot tell you how much Capital Gains tax you will pay.

For reliefs, please refer to:

Private Residence Relief (Self Assessment helpsheet HS283)

Please note this is current guidance and could change by the time you actually sell.

Thank you.

You must be signed in to post in this forum.