Tak Hung Yip
Joined: 11/23/2021
-
Capital Gains on Oversea Property
I sold the Hong Kong home property on 23-Jul-2020 and I bought new build house in the UK which the completion date on 17-Dec-2020. I came to the UK and live there start from 08-Jan-2021. I found the information from website, I owned the house in the UK for 91 days and live there more than 30 days, I am tax resident in the tax year 2020/2021. Am I right? Should I declare the gain on disposal of Hong Kong property? Are the gain on disposal subject to Capital Tax?