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  • Profile photo of JohnJohn
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    @nasesco
    Join Date: 2015
    Post Count: 2
    October 16, 2015 - 7:24 pm

    Thanks for the info all. I have lived in Australia for over 5 years now. I read online that if I sell my property in the UK that I’m currently renting out within 6 years of vacating it that I don’t have to pay capital gains tax on the profit. Is this correct? This was my PPOR before I left the UK. Seems too good to be true.

    If I were to hold this property over the 6 year limit would that mean I would have to pay CGT on the entire profit thereafter or just a portion of it?

    Appreciate your help guys.

    John

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