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Moving abroad - selling home and capital gains tax
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RoyM1
Posts: 1 Newbie
Hi, I currently live in the UK, I am a UK citizen and I own my own home (for over 5 years). I am due to be shortly moving to mainland Europe and need to know what happens with regards to selling my home and capital gains tax. I will be renting in mainland Europe and, if everything goes ok, would look to sell my house in the UK after around a year. I obviously do not want to pay capital gains tax and have got nowhere talking to the tax office. There are comments on the web about an 18 month period before you are liable but nothing that clearly explains this. Anybody have any idea?
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There is no capital gains tax if you sell your primary residence and once it stops being that there is, from memory, an 18 month "leeway" that applies so i think you'd be fine
Here we go
https://www.gov.uk/tax-live-abroad-sell-uk-home0 -
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