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Where Taxpayers and Advisers Meet

Capital gains tax while not UK resident

panlondon1
Posts:5
Joined:Tue Apr 24, 2018 11:37 pm
Capital gains tax while not UK resident

Postby panlondon1 » Mon Mar 24, 2025 3:40 pm

Hi,

I have a property in Germany which has made some good gains. In Germany there is no capital gains tax if you sell the property after 10 years, more than 10 years now since i bought it. I am a tax resident of germany now and for the next year, maybe one more year (2 years from now) then back in the UK. If i sell the property now in germany will have to pay NO tax in germany, but will i have to pay tax in the UK when i back after 2 years?

Thank you.

AGoodman
Posts:1980
Joined:Fri May 16, 2014 3:47 pm

Re: Capital gains tax while not UK resident

Postby AGoodman » Tue Mar 25, 2025 4:35 pm

If you sell before you are UK tax resident, there shouldn't be any UK CGT to pay.

The only exception is if you were temporarily non-resident. This would not be the case if you were out of the UK for more than 5 years. It's worth taking proper advice if you are close to the line as you can be UK tax resident for the full tax year in which you return.


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