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Tax Obligations for Selling Overseas Property After Immigrating to the UK

Raymond_34 Mond
Posted Thu, 04 Apr 2024 23:05:06 GMT by Raymond_34 Mond
Hello. I immigrated to the UK in November 2023. It was only four months after arriving in the UK, in March 2024, that I sold my residential property in Hong Kong. After checking the Statutory Residence Test (SRT), I found that I am not considered a UK resident for the tax year 2023 to 2024. So, I'm wondering if I need to report the sale of my overseas residential property to HMRC? Do I need to pay Capital Gains Tax on it?
HMRC Admin 19
Posted Mon, 15 Apr 2024 13:16:49 GMT by HMRC Admin 19
Hi,

No, as you are not UK resident.

Thank you.

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