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Posted Thu, 12 Sep 2024 14:43:18 GMT by Katarzyna Kowalska
Good Morning, I hope you're doing well. If someone sold a property in the EU but is a UK resident, will Capital Gains Tax (CGT) apply? In the country where the property was sold, there is an exemption from paying tax on the sale if the property was purchased more than 5 years ago, so no tax is due there. The property was not rented out during this period and has been the main residence since becoming a UK resident. Can I claim Private Residence Relief, and how would it be calculated? Thank you in advance for your assistance.
Posted Mon, 23 Sep 2024 07:37:18 GMT by HMRC Admin 19 Response
Hi,
You can see guidance here:
Capital Gains Tax: what you pay it on, rates and allowances
Thank you.

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