Red Posted August 6, 2002 Share Posted August 6, 2002 Suppose I plan to buy a property in France as my principal residence and let out my UK house. Presumably my UK house then becomes a secondary residence and if I were to sell it I would have to pay Capital Gains Tax in either UK or France?My questions is - is the CGT avoidable? What if I made the UK house my principal residence prior to selling it - how long would I have to live there in order to avoid CGT?Can anyone help me with this please....?Mike Link to comment Share on other sites More sharing options...
Mazan Posted August 6, 2002 Share Posted August 6, 2002 >Suppose I plan to buy a >property in France as my >principal residence and let out >my UK house. Presumably my >UK house then becomes a >secondary residence and if I >were to sell it I >would have to pay Capital >Gains Tax in either UK >or France? The last I heard non-UK residents are not subject to UK CGT. Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now