Jump to content

Capital gains Tax on UK property


BangkokTony

Recommended Posts

I bought my Local Authority flat 12 years ago for 20,000 GBP at discount. I have been letting it for the last 8 years whilst in Thailand. I am now back in the UK for a few months but living in rented accomodation because the rent contract expires in June. Once the contract expires I would like to sell the flat.

The flat is worth 110,000GBP. Is there any liability for CGT considering it was not classed as my main residence for 8 years?

Link to comment
Share on other sites

Guest
This topic is now closed to further replies.
  • Recently Browsing   0 members

    • No registered users viewing this page.





×
×
  • Create New...