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Forum: Europe

Mar 13th 2017, 10:23 pm

Replies: 11

***CAPITAL GAIN TAX / sold property abroad /dual citizenship

Views: 2,608

Posted By Pulaski

Re: ***CAPITAL GAIN TAX / sold property abroad /dual citizenship

You can't just leave the UK for five minutes to avoid evade paying CGT in the UK!

In order to avoid paying tax under the circumstances you describe you have to be out of the UK for at least a...

Forum: Europe

Mar 13th 2017, 10:15 pm

Replies: 11

***CAPITAL GAIN TAX / sold property abroad /dual citizenship

Views: 2,608

Posted By Pulaski

Re: ***CAPITAL GAIN TAX / sold property abroad /dual citizenship

.... And indexation allowance, to adjust for inflation. Unfortunately the computation is in pound sterling, so the fall in the value of sterling will have increased the apparent value of...

Forum: Europe

Mar 13th 2017, 3:21 pm

Replies: 11

***CAPITAL GAIN TAX / sold property abroad /dual citizenship

Views: 2,608

Posted By Pulaski

Re: ***CAPITAL GAIN TAX / sold property abroad /dual citizenship

The exemption for CGT in the UK is for your "primary residence" i.e. your home, end of story. You don't get a CGT exemption for another piece of property just because you don't own your own home.
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