Client was resident in UK until December 2015. Non-res thereafter to present (2015/16 split year applied). UK residential property owned from April 2012. Property being sold September 2019. Let out throughout, never main residence.
Cost April 2012: £500,000
Value at 5.4.2015: £600,000
Sale value Sept 2019: £550,000
I've looked at CG73782. Am I right in thinking that:
a) NRCGT is nil?
b) “Other” CGT on the disposal is also nil?
Replies (4)
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I normally do three calcs and see what the best result is. Normally (as here) the 4/15 value comes up best.
I didn't think the CGT calc changed - just which number you use as your cost.
Rest of what gain?
There is one disposal - cost based on 4/15 value. (unless I have missed something)
I would agree, with the caveat of the client returning to the UK too soon and having to revert to UK rules