Selling a UK property
There may be a one-off tax return due when you sell your UK property, if the property has gained in value since you purchased it. There are a number of filing options available so it may be difficult to find the method that will achieve the best result for you. Also, if you have ever lived in the property you may be entitled to some relief from capital gains tax. There are a number of exemptions that could apply to you, so you should seek advice from Buzzacott, who often advise in this area, before you begin the process of selling your UK home.
Non-Resident Capital Gains Tax (NRCGT)
If you sell your UK property while you are non-UK resident, a special one-time Non-Resident Capital Gains Tax (NRCGT) return will need to be filed within 30 days of completion. This form must be filed online in addition to your regular tax return. We can support you with this to ensure the form is filed correctly and on time.