Hi,
As this is an overseas property, you are not tied to the 60 day rule, however, you do have to report the disposal in a Self Assessment tax return on SA108 (Capital Gain) and SA106 (foreign) supplementary pages:
(
Self Assessment tax return forms).
You will need to work out if there is a Capital Gain, using UK rules.
There is a calculator at:
Tax when you sell property to help you do this and guidance on private residence relief can be found at HS283:
HS283 Private Residence Relief (2024).
You will need to work out if there is a Capital Gain, using UK rules.
There is a calculator at:
Tax when you sell property to help you do this and guidance on private residence relief can be found at:
HS283 Private Residence Relief (2024).
You will need to convert all of your costs and disposal values into GBP sterling using an exchange rate in use at the time.
Under the terms of Self Assessment, we do not provide an official exchange rate and the onus is on the individual to use a just and reasonable exchange rate for each acquisition and disposal. For your convenience, there are exchange rates at:
https://webarchive.nationalarchives.gov.uk/ukgwa/20231016190054/
Exchange rates from HMRC in CSV and XML format and for older rates at
https://webarchive.nationalarchives.gov.uk/ukgwa/20100202113554/
Exchange rates from HMRC in CSV and XML format.
You are free to use any of the supplied rates or one of your own choosing.
Thank you.