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Old 30.12.2020, 13:22
bankman bankman is offline
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Re: CGT on foreign property

Thank you Farman. As usual a fountain of wisdom

Just two short questions if I may

1) are you sure about your example of June 2020 meaning the earliest to leave is 6 April 2026? I have to say that I have not seen any guidance on this from hmrc website and I thought it was five years departure but you seem to have interpreted that as five years not including split tax years. Do you have any links to support that because that could mean a further year of residence required

I mean suppose someone came 6 April then that could make a difference then if they came on 4 April as an extreme example

2) if what you say is correct and your permit expires after five years what options do you have if you do not have a job and you have decided not to use the rav or you do not qualify for the rav bearing in mind that extensions for Uk citizens are no longer easy after brexit with strict quotas of number of permits they will allow
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