TomAce

There will not be any CGT to pay as the last 18 months of ownership is treated as if you were still in it and the rules changed 18 months ago, so you are just about in time. This is assuming you once lived in the house that is.

 

You do need to inform HMRC of the sale, but this is possibly something you can do yourself?

I have infomred them on your advice. A bit late but hopefully the penalties aren't too much. I didn't understand the computation request of the GCT that I was supposed to provide, but I'm hoping they just see me as exempt anyway and approve it. Thanks so much.

Thanks - are you sure? If so that's great news. It will make up for the fact that the GBP is so cr@ppy at the moment!

I meant to put this in the general forum: news, chats and dilemmas. Please can someone move it? Apologies, rookie error!

Hi,

 

I've recently sold a property in the UK, and I understand that I need to pay CGT for any increase in value for the last year of ownership due to new(ish) laws in the UK. At least I think this is right!

 

I'm looking for a recommendation for a UK tax accountant that has experience dealing with overseas clients win this situation please. I'm also looking for any tips and advise that anyone has for me. Thanks!