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  • Tax

    Expat Capital Gains Tax

    Tried to find this out by myself, but just want to check.... am I right in assuming that if as a non-resident of UK, if I build a buy to let portfolio and subsequently sell some of those properties I will not have to pay CGT as long as I am domiciled outside UK?

    Thanks in advance!

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    It used to be so, but HMRC changed that recently.

    Capital Gains made by non-residents when selling UK property is taxed by HMRC by rebasing from April 2015 onwards.

    https://www.gov.uk/guidance/capital-gains...in-or-loss

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    1015 You could own the first as a buy to let and let it out and nominate that as your only property then there would be no CGT. Any further properties you would pay CGT on.

    Regards
    ​Ged

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