jordanbasset
Well-known member
Fred drift, but in view of the lack of knowledge exposed on this thread, people might like to look at the latest news of UK kleptocracy which makes the Greeks look like inept beginners at fleecing non-nationals.
http://www.thisismoney.co.uk/money/...-tax-experts-warn-British-expats-hit-too.html
Makes one proud to be British, don't it.
Seems to me it is about time they closed that loophole, from your link
'Tax experts warned British expats who own property in the UK that is not deemed their primary residence would be liable to pay the tax if, or when, they came to sell their property. CGT is charged at 18 per cent for basic rate taxpayers but most paying the tax pay the higher 28 per cent rate for higher rate taxpayers..
Under the current system people living in Britain pay capital gains tax on any profit from selling a property that is not classed as their primary residence. But foreign property investors, including British expats classed as non-resident, are presently exempt from the tax. '
Last edited: