Hello,
I am a Hong Kongese and will move to the UK under the Hong Kong British National (Overseas) Visa policy for retirement and not working.
I just sold my HK property for cash and am planning to arrive in mid-October, effectively spending less than 183 days in the UK in this tax year. I am not sure if I would be a tax resident.
I will use arising basis when filling in the tax return, if needed, next year. I have some questions to ask.
- Will I be liable to CGT of the property sold just sold?
- If I bring some of the proceeds to the UK in October and keep some in Hong Kong. Will there be tax issues when money is transferred from HK to the UK later on?
Thanks a lot!
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