mata22
Joined: 8/13/2023
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Sold land abroad CGT
Hello there, I am tax resident in the UK. I own land in a European Union country, which I received as a gift from my father in 2002. Now I have sold part of the land and according to the regulations of the country where the land is located I am exempt from paying sales tax. I would like to transfer this money to the UK and use it to buy a property to let. Do I have to pay capital gains tax on the sale of this land? If so, how do I account for it and what percentage of tax do I have to pay? Thank you for reply. Regards Mata