Have Tax Questions? Ask a Tax Expert for Answers ASAP
Hello, I am one of the experts on Just Answer and pleased to be able to help you with your question.
Firstly, I cannot assist you with the French taxation position. French taxation is so complex and so constantly changing that the employment of a local professional is essential. As far as the UK is concerned you are selling your sole or main domestic residence so Private Residence Relief (PRR) applies which relieves Capital Gains Tax (CGT) at 100%.
I do hope that I have been able to set your mind at rest on this matter. When you leave the UK to go and live with your husband in France don't forget to fill in a Form P85 and send it to your tax office. On receipt, HMRC will classify you as non-resident.
It doesn't matter whether you are living in it or not if it is the only house you own it still remains your sole or main domestic residence. The Inland Revenue (IR) as was lost this case big time in 1975 when they tried to interpret the law as sole and [not or] and tell service personnel that their service quarters were their residence, not the homes they owned elsewhere. I arrived in Nepal to find the station in an uproar over this and one pithy letter written by a captain, me, resulted in the MOD having to hurridly cancel a Defence Council Instruction that the IR had persuaded the Department to publish.
Please be so kind as to rate me before you leave the Just Answer site.
Delighted to have been of assistance.
Thank you for your excellent support.