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Posted Wed, 24 May 2023 12:28:45 GMT by
Our family will move to the UK from Hong Kong in August 2023 by BNO visa. Meanwhile I am trying to sell a property in HK, which used to provide me rental income. If I manage to sell the property before I move to the UK, say if I sign the contact in Mid Jul but I guess I won’t receive the full payment till Oct. If I land UK in August, do I need to pay capital gain tax for the money?
Posted Thu, 25 May 2023 13:54:35 GMT by HMRC Admin 25
Hi slhsbc,
If the property sells prior to your arrival in the UK and there are no conditions attached that would delay the completion date, then you will not have any Capital Gains Tax  to pay in the UK,
Thank you. 

 

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