Will I Have to Pay Capital Gains Tax (CGT) on My UK Property?
Question I am domiciled in the UK but have been a non-resident working in the United States for 3 years. I intend to move back to the UK and become a resident in April 2011. In 2010 (whilst a non resident) I purchased a house. I have now decided that I no longer want that particular house and have placed it on the market. Will I have to pay CGT on the sale if I sell it before April 2011? And what if I sell it after April 2011? The house has not been designated as PPR as the house is in a derelict state and requires refurbishment.
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