Home sale capital gains

Old Jan 24th 2024, 7:07 pm
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Default Home sale capital gains

Hi all,

I'm in process of putting my USA home on market. I should get the 250K capital gains allowance in USA . Anyone know how that will affect my UK tax situation when I eventually report a sale ? Thanks
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Old Jan 24th 2024, 10:06 pm
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Default Re: Home sale capital gains

If it is your primary home then there should be no capital gain tax by HMRC.
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Old Jan 26th 2024, 8:21 am
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Default Re: Home sale capital gains

Hi countrygirl33,

That would depend on where you are living when the exchange of contracts take place UK or USA.....
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