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Old 05.11.2020, 17:22
bankman bankman is offline
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Re: CGT on foreign property

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On an investment property assuming you remain non resident for 5 FULL UK tax years you would pay UK CGT on any uplift in value since 5 April 2015. If you return to the UK before 5 years you will pay uplift from purchase / 1982 value if earlier plus refurbishment costs & sale purchase expenses
This is correct and I have read this and can confirm it

What remains outstanding is how the five years should be interpreted. I see two meanings:

1) Sell uk btl today and wait five years before returning
2) wait five years and then sell before catching the first flight home

clearly these two are are on either side of the spectrum but do you actually know which one is correct??

can you really wait five years then sell then move back to the UK?
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