UK CGT

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01 May 2014 8:41 PM by newworld Star rating. 942 posts Send private message

i bought a property 5 years ago that ive rented out for 2 years im looking at selling it i will probably make about 25K on it, How much would i pay in CGT,





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01 May 2014 9:55 PM by GuyT Star rating. 512 posts Send private message

Where are you domiciled? if you're non-dom UK you've got until April 2015 to get rid of it with no CGT.





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01 May 2014 11:02 PM by Team GB Star rating. 1245 posts Send private message

Team GB´s avatar

Where are you domiciled? if you're non-dom UK you've got until April 2015 to get rid of it with no CGT.

Yes Guy, good news.

Bad news is, if you are non-dom UK but you are resident of Spain you will owe the CGT there



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02 May 2014 11:50 AM by newworld Star rating. 942 posts Send private message

Ive allways  been registered  in the UK for this period,





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02 May 2014 12:23 PM by Team GB Star rating. 1245 posts Send private message

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Have a look here and here

If you've used the property has your main home within that last 3 years you might be able to wangle main home relief although this is being changed to two years soon



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02 May 2014 1:05 PM by newworld Star rating. 942 posts Send private message

Thanks  4 That Team GB





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