Non resident CGT calculation Rebasing method and PRR

My husband and I bought a home jointly in Apr 1998 and lived there until Apr 1999 when we left the UK due to my husband’s employment. We have not returned to live in this property since, and we don’t meet the 90 days rule. We have sold our property in Oct 2024 and our question is based on the rebasing method from Apr 2015, can we claim PRR for the period we lived in the property (Apr 1998-1999) plus the 9 months before the sale? If we can, how do we calculate the relief? [12+9 months? or only 9 months?] divided by [ownership period: 114 months (from Apr 2015)? or 318 months? (from Apr 1998)] times Gain Thanks

Hi,

No as the period you lived in it is no longer applicable as you are taking the purchase date as 06/04/15 by using rebasing. By taking this date you have never lived in the property.

Thank you.

 

Non-resident living in South Africa past 20 years, pay tax in UK. Bought a small plot of land 2006 in UK, was green belt with view to development. This has now been approved and I have sold to developers. What is the best way to report this? I have tried to work out the calculation but your form concentrates on property and every form etc I go through always wants a UK address or postal code and identity docs including DVLA driving licence which I no longer hold as I drive on a SA licence. The UK passport is fine but you want two documents or credit details. I don't have anything on credit or credit card . I can never get any further. What is the answer? I have the same problem with a tax refund you tell me I can claim on my normal tax.

Hi xianbaby,
If you cannot use the online service, you will need to register for self assessment to file a tax return - 
Capital Gains Tax: what you pay it on, rates and allowances.
Thank you.