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Old 30.11.2015, 22:48
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Phil_MCR Phil_MCR is offline
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Re: CGT on foreign property

Best thing to do with UK property is make sure it is your PPR before you leave, let it out while you are gone, and make sure it is your PPR when you return.

That way you maximise your PPR relief which used to be up to 100% even with 7 years absence, now reduced to 5.5 years. On top of that you have the private lettings relief which can wipe out up to another 40k of gains.

All in all, the tax rules for UK property are pretty generous and with the right planning you should be able to pay little or no tax.
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