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Retirement abroad: tax on your UK property

Are you planning to retire abroad in the near future?

Many of us dream of retiring to a better climate and perhaps spending our later years basking in the Tuscan or Provencal sun; but what is the tax position regarding any property that you own in the UK? Since 6 April 2015 the Capital Gains tax rules have changed and you will become potentially liable to CGT when you sell your UK property.

In this article the Clarke Willmott private capital team outlines the possible Capital Gains tax consequences if you retain a home in the UK.