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UKSolicitorJA
UKSolicitorJA, Solicitor
Category: Immigration Law
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Experience:  English solicitor with over 12 years experience
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Hi, Please treat this as a completely new question. For

Resolved Question:

Hi,

Please treat this as a completely new question.
For financial requirements part of the spouse settlement visa, if my wife has a property in her name abroad worth more than GBP 62.5k with title deeds etc, keeps it for 6 months and then sells it for more than GBP 62.5k and then applies for the settlement visa, would that fulfill the financial requirement? Would she have to pay any Capital Gains Tax on it?
Submitted: 3 years ago.
Category: Immigration Law
Expert:  UKSolicitorJA replied 3 years ago.
Hello,

Yes, if the property is in her name, the 6 months rule does not apply and she may use the sale proceeds as evIdence.

No UK capital gains tax would apply as the property is sold overseas and your wife is not domiciled in the UK.

Hope this helps
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