Ask an International Tax Question, Get an Answer ASAP!
1)- When did you buy the property?
2)-Are you intend to sell the property or you have already sold it?
3)- Are you registered for UK self -assessment (i assume your husband is registered for self-assessment in UK)
Khalid Mehmood CTA, TEP, FCA
You should report and pay any capital gains tax due on UK residential property within 60 days (from the date of completion) of selling the property. You as a non-resident in UK will be labile to pay UK capital gains tax on the 50% shares of the net gains due to joint ownership. UK HM Customs and Excise has published guidance on this subject, which quite helpful, please see this link https://www.gov.uk/report-and-pay-your-capital-gains-tax/if-you-sold-a-property-in-the-uk-on-or-after-6-april-2020. Your husband should also follow the same 60 days rules and pay tax and he has an additional requirement that he needs to disclose the disposal on his UK tax return too.
I hope this answers your query and if you need any further information please let me know or if you need any help in calculation of capital gains or filing I am happy to assist all stages from start to finish.