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Posted Mon, 30 Dec 2024 18:27:30 GMT by Ewa Gliwinska
I sold my flat in 2023 in Poland, but have gifted all the money received to my children. I have never transferred any money received from this sale to the UK. Do I still have to pay Capital Gains Tax?
Posted Fri, 10 Jan 2025 10:24:59 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.
Posted Fri, 10 Jan 2025 10:46:58 GMT by Clive Smaldon
Not HMRC...if you are UK tax resident then you are liable to UK tax on income and capital gains worldwide. The UK/Polish DTA says the sale of the property is liable in both countries, so any tax you paid on the sale in Poland can be offset against any liability in the UK, but you cant relclaim any excess in the UK and need to pay any difference if there is one. Doesnt matter what you did with the funds, if its a disposal liable to tax and you are UK tax resident then you are also liable in the UK.

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