Tax due in UK?

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Jul 13th 2019, 5:31 pm

mjh101070

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Tax due in UK?

We are planning to move back to the UK and I have a question in regard to Taxation.

We have overseas property which we will have capital gains from if and when we sell.

Is it possible to NOT pay taxation if the property has been owned for 10+ years?

Jul 14th 2019, 7:36 am

durham_lad

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Re: Tax due in UK?

Quote:

Originally Posted by mjh101070

I would not have thought so. I don't see why the capital gain from the sale of a property will not be taxable just because it has been owned more than 10 years. I could easily be wrong. If it is your primary home and you sell it shortly after you returned to the UK then I would think that no tax would be due.