***CAPITAL GAIN TAX / sold property abroad /dual citizenship
Hello
I hope someone had a similar situation or is familiar with that sort of issue, any help, advice appreciated…
I live in the UK, and I want to sell my house abroad. However I am not sure if I really should pay capital gain tax in my case as:
- the piece of land I received many years ago as a gift from parents in Slovakia
- over many years I built a house on it, never rented it, never lived there
- I live in the UK, having a dual citizenship, however I don’t own any property in the UK, I live only in a rented place and my house built in Slovakia is my only own property, so I really don’t understand why should I pay capital gain tax to HMRC at all if I want to sell it 28%!
Can anyone advice, or share experience what to do ? Thanks
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