josephlam
Joined: 11/26/2024
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capital gain tax for selling HK residence
I came to UK on 9.5.2022 and tried to purchase a new house in uk in June 2022, The developer failed to hand me vacant possession 11 months after he accepted my offer. I terminated my offer and bought another UK house on 1 May 2023 and returned back to Hong Kong to sell my Hong Kong residence on 21 December 2023 before returning to UK. I gained £200000 for the sale of my house which I lived since 21 May 1997. How to calculate the capital gain tax?