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Overseas property

sk8yutaro
Posted Fri, 15 Mar 2024 21:25:29 GMT by sk8yutaro
Hello! I have been a UK tax resident since Jul 2023, staying here under a GT dependent visa. I own a property overseas and I am planning to sell it. The property is my only property and has been my main home since I bought it until I moved to the UK. Since I moved to the UK, the property has been empty, and when I go there, I stay in the property accordingly. Do I need to pay Capital Gains Tax if I sell it?
HMRC Admin 20 Response
Posted Thu, 21 Mar 2024 13:53:37 GMT by HMRC Admin 20 Response
Hi sk8yutaro
If sold after April 2024 there may be a charge to pay as you will no longer be entitled to private residence relief.
Thank you.

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