ivan23
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RE: Reporting CGT on Overseas Property sale
Hello Will I pay tax on a capital gain that I invest on a new capital within the year I am meant to be taxed? For example, if I sell a property abroad and the following year I use that money to buy either a property for renting in the UK or a property as my own only domicile in the UK, will I be taxed 25% on the initial capital gain from the sale of the first property? I am a UK citizen