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I exported funds to buy a house in South Africa I am selling

Customer Question

I exported funds to buy a house in South Africa
I am selling and reimporting the funds to the UK
Because of the exchange rate it will be a similar amount in sterling but almost double in rand.
Do I have to pay @ CGT on any gain in SA even though in sterling it is the same amount?
Submitted: 7 months ago.
Category: Tax
Expert:  taxadvisor.uk replied 7 months ago.

Hello and welcome to JustAnswer. I am here to help you.

Please clarify for me

- is your question concerning CGT in the UK or in South Africa as I can only advise on tax implications as far as UK tax matters.
Many thanks