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taxadvisor.uk
taxadvisor.uk, Chartered Certified Accountant
Category: Tax
Satisfied Customers: 4983
Experience:  FCCA - over 35 years experience as a qualified accountant (UK based Practitioner)
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If I emigrate can I avoid capital gains tax if I sell or transfer

Customer Question

If I emigrate can I avoid capital gains tax if I sell or transfer investment properties?
Submitted: 1 year ago.
Category: Tax
Expert:  taxadvisor.uk replied 1 year ago.
Thank you for your question..You will not be able to avoid capital gains tax on sale or transfer of investment properties by emigrating to another country, I'm afraid.There were changes made to capital gains tax on residential properties owned by non-residents with effect from 6 Apr 2015.More information on this can be found herehttps://www.gov.uk/guidance/capital-gains-tax-for-non-residents-uk-residential-property I hope this is helpful and answers your question.If you have any other questions, please ask me before you rate my service – I’ll be happy to respond.