CGT under split year treatment

Hi Team I sold my sole overseas residential property in Jun 23 and arrived UK in Nov 23. I am qualified for split year treatment for tax year 2023/24 - do I need to declare/ report this property sales transactions (my overseas part under split year treatment before I became UK tax resident from Nov23) for 2023/24 tax filing? Many Thanks.

Hi,

If you qualify for split year then you only report any foreign income for the UK part of the year:

RDRM12000 - Residence: The SRT: Split year treatment

If you do not qualify then you will need to report all your foreign income to the UK.

Tax on foreign income

The guidance at RDRM12150 at GOV.UK will help you work out if split year treatment applies. 

Thank you.

Thanks. Is capital gain from the sale of overseas property counted as foreign income please ? In other words- if you qualify for split year then you only report any foreign income (including capital gain from property sale) for the UK part of the year, is this correct? Best

Hi ArnoldE
It is a foreign capital gains, not foreign income.
It should still be declared on a Self Assessment tax return, even if no UK Capital Gains Tax is payable.
If you qualify for split year treatment and the disposal of this property occurrrd in the non UK resident period, then it is not taxable in the UK and should not be included on the tax return.
Thank you.