Cac
-
RE: Reporting CGT on Overseas Property sale
Hi, I currently own 50% of an apartment, with the remaining 50% owned by my mum. This property has been the main and only residence for my parents and me since 2008 in Hong Kong. I moved to the UK in 2022. In 2025, I plan to transfer (as a gift) my 50% ownership to my mum (a non-UK resident) and then purchase my first home in the UK. Under these circumstances, will I be liable to pay Capital Gains Tax in the UK, or would I be eligible for full Private Residence Relief? Thank you.
