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Posted Thu, 28 Mar 2024 13:10:08 GMT by Sid 12
Both me and my husband owned a property and lived in it. We have now split up and will be divorcing. We have completed a transfer of equity on the property to now only hold his name on the deed. As I have recieved the equity do I need to pay capital gains tax on it?
Posted Wed, 03 Apr 2024 13:24:49 GMT by HMRC Admin 5 Response
Hi 

If you lived in it for the whole time you owned it, then no.

Thank you
Posted Mon, 23 Dec 2024 11:00:09 GMT by Martin70 Lees
I left the UK 3 years ago. I have a 10-year Golden Resident Visa in Dubai. Also, I am a tax resident in Dubai and have 2 years of TRC Tax Resident Certificates from the Dubai Federal Tax Authority as proof of my non-UK tax status. I work in Dubai. I have held shares at a private UK company since 2016. The shares have gained significant value. I now wish to sell the shares. I have no intention of becoming a resident in the UK again, and certainly not for at least 5 years. The share sale proceeds will be transferred to my Dubai bank account. My understanding is that I do not have any UK CGT tax liability. Please confirm. Thanks.
Posted Fri, 10 Jan 2025 12:09:58 GMT by HMRC Admin 20 Response
Hi Martin70 Lees,
That is correct.
Thank you.

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