Purchasing overseas permanent home
Postby Nkhan67 » Sat Nov 20, 2021 9:13 am
I was living in the UK and was a tax resident. I had got married and decided to move to live with my wife in Singapore. In the last year of my stay in the Uk we decide to buy a property in Singapore as our permanent home. My wife is Singaporean and was already living in Singapore. We were purchasing a flat in Singapore whilst I was still in the UK, during that year I also submitted my P85 to HMRC saying that I was leaving at the end of the year. Do I need to declare the property which I was purchasing even though there was no rental income involved, no capital gains. Also the property was not built and finished until the next year when I was a non tax resident living in Singapore.