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Where Taxpayers and Advisers Meet

non resident capital gains tax

pash123
Posts:4
Joined:Thu Oct 27, 2016 2:15 pm
non resident capital gains tax

Postby pash123 » Fri Oct 28, 2016 7:21 pm

A client is not resident in the UK and hasn't been for about 8 years.

She owns a UK residential property (never lived in just let out).

She acquired it around 2010. MV 150,000.

As at 6 April 2015 MV 220,000.

MV now 235,000.

If she sells then non resident cgt charge based on gain of 15,000

If instead she transfers to husband with whom she lives who then sells cgt will be charged on gain of 85,000.

Can this be right?

bd6759
Posts:4262
Joined:Sat Feb 01, 2014 3:26 pm

Re: non resident capital gains tax

Postby bd6759 » Sat Oct 29, 2016 6:49 pm

The answer is not to sell it to the husband


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