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Try this one then

Im English, my wife is French. We buy a property in France for 70000 pounds. We change our minds and want to come back to the UK. Can we sell the property in France releasing our lets say 70000 equity, without having to pay gains tax?
Any comments would be kindly recieved.

Thanks all
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>We buy a property in
>France for 70000 pounds. We
>change our minds and want
>to come back to the
>UK. Can we sell the
>property in France releasing our
>lets say 70000 equity, without
>having to pay gains tax?

You only ever pay GCT on the increase in value after deducting purchase costs and other expenses.
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