Profit from sale of house in UK to buy house in South Africa


Postby strydomhm on Fri Aug 15, 2003 3:00 am

My husband and I bought our UK house in Buckinghamshire in October 1999. This has been our one and only residence. We have just completed a sale on that house (12/08/2003) and we would like to use the profits of that sale to buy a house in South Africa. We will be leaving the UK permanently on 27/09/2003 to go and live in South Africa. Are we liable for any Capital Gains Tax on the profit of the sale of our UK house?
strydomhm
 
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Postby Nigel Lord on Fri Aug 15, 2003 3:31 am

You have no UK liability on the sale. (100% PPR Relief).

Nigel Lord
mail@lordassociates.co.uk
Nigel Lord
 
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