Q&A: property sales, tax and overseas owners

In this week’s Q&A, Croner Taxwise apprentice tax advisor Stuart Farmer, explains the tax implications of selling a property in the UK when resident overseas

I have a client who is a non-resident individual for UK tax purposes, he is currently living and working in France for the last several years. He owns a property in the UK which is now up for sale. This property was his main residence before leaving the UK to work full-time overseas in 2016. He is currently living in a rented property in France.

What considerations should I take for the calculation of the gain?

I also believe principal private residence relief would be available to him on any gain arising on the property, could you please confirm if this is the case?

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