by Nish on Wed Jan 25, 2012 5:37 pm
I am a UK resident, ordinary resident, uk domicile. I have sold an investment property in India and paid tax there.
Would I only have to pay tax if I bought the gains back to the UK or would I have to pay tax on worldwide income as in the tax year that the gain arises in regardless of where Ikeep the gains?
If I left the gains there and reinvested them would I still have to pay the difference in CGT according to the double tax relief?