How much capital gains tax on a UK apartment (plus sell now because of Brexit?)

melodies

Could anyone advise me please?:

What would I have to pay in Capital Gains Tax if I sold my UK flat in March of 2018? My Irish account said I'd have to pay nothing as it was my principal residence, but I don't know if that is the case.

The details:
Apartment bought Jan 2006, for 161k
Was my principal residence till June 2015
Living in Ireland since then and flat let out
Worth 300k now

Would it be better to sell sooner (ie I'd pay less Capital Gains Tax)?

exaisle

melodies wrote: »

My Irish account said I'd have to pay nothing as it was my principal residence, but I don't know if that is the case.

Why do you doubt him/her?

https://www.irishtimes.com/life-and-style/abroad/will-i-have-to-pay-tax-in-ireland-on-property-sold-abroad-1.3040467

melodies

Thanks for the link.

I doubt him because I am domiciled here, have been out of my UK apartment over two years and I'd be taking the proceeds of the sale back to Ireland to buy a house here.

Marcusm

melodies wrote: »

Thanks for the link.

I doubt him because I am domiciled here, have been out of my UK apartment over two years and I'd be taking the proceeds of the sale back to Ireland to buy a house here.

Assuming there's a gain, you will be taxable both in the UK and Ireland! You haven't sold it within 1 year of returning here so he may be mistaking that beneficial treatment of returning immigrants.

melodies

Thank you Marcusm - double-taxation - oh the joys