Hi
I have a property overseas that was constructed in the '90s. This property is becoming difficult to maintain so I am considering selling it. As I will be selling at current market price the proceeds of the sale would usually attract Capital Gains tax in the UK (subject to any relief available due to double taxation treaty).
I would like to ask if I use the money to buy another property immediately, can I avoid having to pay capital gains tax. (Essentially I guess I am asking if any "rollover" type of relief is available when buying property with personal money).
Thanks in advance.
Regards
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