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Posted Wed, 08 Jan 2025 15:32:12 GMT by chippy2025
I am a UK non-resident and I have a property in the UK that I am selling. I have owned it for 20 years and have lived in the property as my main home at various times during my period of ownership. When I was absent the property was let. I believe that approx. 16/20 of the gain qualifies for PPR and 4/20 is chargeable. I have also incurred capital expenditure on legal fees defending my title as there was a boundary dispute with my neighbour when the property was let. My question is do I also need to restrict the capital expenditure that I can claim by the same proportion or can I claim all of it against my gain?
Posted Thu, 23 Jan 2025 14:57:20 GMT by HMRC Admin 20 Response
Hi,
As you owned it prior to 2015, you can use the rebasing rule, if so, you cannot include any costs prior to 06/04/2015.
Please refer to guidance at Work out your tax if you're a non-resident selling UK property or land Report and pay Capital Gains Tax for UK property disposal from 6 April 2020
Thank you.

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