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Posted Sun, 19 Nov 2023 01:02:54 GMT by
I am Irish national living in UK .I am thinking of selling a house bought in 2013 in Ireland Any gains made on a property in Ireland acquired between 7 December 2011 and 31 December 2014 are exempt from CGT under Irish Tax . Can I claim the relief in UK as well
Posted Wed, 22 Nov 2023 12:49:25 GMT by HMRC Admin 25
Hi mona lee,
No, you will need to convert your acquisition costs and disposal costs to pounds sterling, to work out any gain.
From this, you can also deduct your buying and selling costs:
CG15250 - Expenditure: incidental costs of acquisition and disposal
Regardless of whether you have any Capital Gains Tax to pay, the fact that you have a foreign gain, is Self Assessment criteria.
So you will be required to record the disposal in a Self Assessment tax return.
Thank you. 
 

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