Cgt Uk

[rooktobishop]

I bought a property in uk 10 years ago. If I go to sell it and remortgage and buy another property in uk do I have to pay capital gains on the amount it has gone up? I bought the property when I lived there however I moved back to Ireland some years ago. The profits from property still run under tax free allowance for uk. I would like to find out where I can get advice on this or has anyone had similiar experience.

 

[Nige]

As an Irish resident, you will be subject to Irish CGT on UK gains, under the Irish rules. It sounds like you will have an Irish CGT liability on this disposal.

Go see your accountant/tax adviser.