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Posted Thu, 15 Aug 2024 15:58:20 GMT by ezaz mohamed
Hi, am planning to sell my house in india which i bought in 2018. I will be paying the CGT in India i believe. Would I need to pay CGT in UK again when I move those funds from my indian bank to UK bank account? Pls advice.
Posted Wed, 28 Aug 2024 15:27:13 GMT by HMRC Admin 13 Response
Hi,
If you are resident in the UK at the time of sale, you also need to report the sale/gain in the UK. you can claim foreign tax credit relief to reduce your UK tax bill in respect of the Indian tax paid.
Please see Tax when you sell property: Selling overseas property.
Thank you

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