CGT on rental property owned by non resident

[lawrence]

Due to my work I became not ordinarily resident in the uk for tax in 1992. In January 1994 I purchased a property for 50000 pounds. The property was empty for the first eight months as I was restoring it. After which time it was rented out until April of 2002. It is currently in the process of being sold for a figure in the region of 120000 pounds, it remains empty.
My non residency position remains the same as I am now living in Italy and have been since 1996.
What would be my CGT liability. As far as Im aware non residents are not liable to CGT. Is this the case

Lawrence

[DF]

in the UK, capital gains tax is charged based on residency. In your case, as a non resident, you can sell any UK asset you hold personally free of tax.

There may of course be a charge in Italy which is something you should consider if you are tax resident there!