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Posted Sun, 15 Sep 2024 11:36:48 GMT by Jenuk2025
I have lived outside of the UK since 2001 but will be relocating back to the UK in 2025 (permanently). I have property in the jurisdiction I currently live in. Will I be subjected to CGT on the sale proceeds from my foreign property? I plan on buying a home in the UK with the sale of my property where I currently live.
Posted Tue, 24 Sep 2024 12:09:16 GMT by HMRC Admin 32 Response
Hi,
HMRC cannot comment on future events as legislation and/or plans may change.
Thank you.
Posted Tue, 24 Sep 2024 15:56:06 GMT by Clive Smaldon
Not HMRC...on the basis that you have been non resident for at least 5 years and dont get caught under (4 of 7) years the current (can always change in any budget) position is that if you sell before returning to the UK you would excape UK CGT on the property. Sell it after you come back then its liable in the UK as taxable on worldwide income/assets (subject to any reliefs and DTA with the country you are returning from).

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