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Posted Sat, 21 Sep 2024 13:20:43 GMT by MGNeg
Hi, I have a UK bank account that i would like to transfer funds from a property being sold in Turkey where i currently reside. In Turkey, in my case, CGT is exempt as the property is owned for more than 5 years, however i'm not UK resident or domiciled (left the UK in 2017) so for the life of me i cannot find online any information IF capital gains tax would be due in the UK if i transfer the funds there. Are you able to clarify this, please? Thank you.
Posted Mon, 30 Sep 2024 11:49:13 GMT by HMRC Admin 19 Response
Hi,
If you are not tax resident in the UK in the tax year in which you dispose of the property, there would be no UK Capital Gains Tax liability.  
There would be no UK Income Tax implications in transferring the funds from an overseas bank account to a UK bank account.
Thank you.

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