Hi everyone. Question for the experts.
In 2006 we rented our UK house out and went to Greece for a year out. We ended up staying there 13yrs, year round. We used to come back to UK for 2-3wks at xmas, the other 49wks we were in Greece
We obtained non resident landlord status here in Uk on our rented UK house and have been completing HMRC tax returns for that entire period and paying tax on that income
My question is Regards Greece. We both had residence permits there, both ended up with businesses there and were tax payers there. In 2010 we bought an old ruin there and renovated it (mostly ourself) with monies earnt there and paid tax in Greece on that money. The house was our main home for 10yrs.
We returned to UK in Oct 2019 as I took a job with my old employer and we decided to come home. We put our Greek house up for sale and eventually found a buyer in Sept 2020 and we completed sale in Feb 2021 and were paid here in our UK bank accounts
I’m getting conflicting stories about CGT on that money. Is that liable to tax here even though we lived in Greece permanently and was not resident for tax here and we bought and restored the house with monies there which we paid all due taxes on etc, the only thing uk has to do with it is we moved back here after 13yrs. Greece was our principal domicile and we’ve moved into employer supplied property here and our UK property has remained rented.
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