Thank you for your answer.
The property was bought with mortgage by my husband, who is a non UK resident, and was my residence during 2 years, after that, I moved to UAE with him and we rented the place.
Nearly two years back, (to reduce the mortgage payments) we transfer the flat and mortgage to my name, and now I am selling it.
The total costs of buying the property were £ 280,000 and I am selling it now for £305,000.
How much do we have to pay? Would the fact that we do not live in the UK change anything?
Thank you again.
Your information is very helpful.
Could you tell me, which would be my next step?
Since I moved to UAE (4 years back) I have not submitted any tax revenue form.
I have contacted them more than one year back, they were supposed to send a form to fill, but I never received it.
The sale will be completed within two months. Should I wait for it to contact the tax office?
If you are happy and there are no more issues I will appreciate if you would kindly rate the service I provided to ensure I get credited for it.