Pre-Budget Speech December 2013 Part 2

Published / Last Updated on 09/12/2013

If you move out of your home and buy a new home then you have 3 years to sell that previous property before becoming liable for capital gains tax. This is being reduced in April 2014 to 18th months.As from 2015 all non-resident property owners will be required to pay capital gains tax on property sales in the UK.Expats living overseas after 5 years are able to sell their properties without being liable to capital gains tax, as from 2015 this will no longer be the case and they will have to pay capital gains tax on all of their property.

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