Have Tax Questions? Ask a Tax Expert for Answers ASAP
Hello and thank you for allowing me to assist you.
Only the sell holds any possible tax. Moving money is not a taxable event.
You’ll only have to pay Capital Gains Tax if:
If none of that applies to you then you have no tax on moving your money to the UK
Coming back is when you were a resident then left to live abroad and then returned.
Your time from Nov 2015 forward is what counts. If you were a resident when the property was sold then yes you are taxed.
It the gain that is taxed. The amount you received that is more than your cost or basis in the property.
Basic-rate taxpayers pay 18% on gains they make when selling property, while higher and additional-rate taxpayers pay 28%.
This is only on the gain
You are most welcome.A 5 star positive rating would be appreciated