Sold My House in the UK. My wife bought a house abroad. Do I have to pay tax?

Lord_Frugal12

Hello! 

I have a question about Private Residence Relief.  The timeline of my case is important for this issue. So, I hope you can help me. 

  I lived in the same house since the 1980s. I was single until May 2022. My wife is a Canadian citizen who lives in Canada. After getting married in May this year, decided to sell my house in the UK. So, in August, my wife bought a house in Canada. And I sold my house. 

When I sold my house, I was still living in my house. 

So, do I have to pay any taxes? Or, do I qualify for Private Residence Relief?  The house in Canada was bought by my wife. It is in her name and she is paying its mortgage. 

   I would really appreciate advice from those who have plenty of knowledge of this aspect of Private Residence Relief. 

Keep_pedalling

No CGT it was still you main residence at the point of sale so is exempt.

Lord_Frugal12

Keep_pedalling said:

No CGT it was still you main residence at the point of sale so is exempt.

@Keep_pedalling

Thank you for that quick reply. I do have one question though that worries me. Do I still have to declare any of this to the HMRC? 

Jeremy535897

No. There might have been an interesting debate over the availability of main residence relief after your marriage, but as the last 9 months of your ownership is exempt as well as any actual period of residence, there is no possibility of a capital gain arising in your case.