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22 January 2020

Issue: 4728 / Categories: Forum & Feedback

Sale of overseas property by former non-resident.

Home again

My client and her former husband moved from the UK to France in 1985 at which time they sold their only UK property and ceased to be UK tax resident.

In 2000 they jointly acquired an investment property in France with a sitting tenant. The couple divorced in 2005 and the investment property was transferred to my client as part of the divorce settlement. In 2006 she moved permanently to the UK. In 2019 the sitting tenant died. My client has now exchanged contracts to sell the property with a completion date of January 2020. At no point has my client lived in the property so there would appear to be no entitlement to the only or main residence exemption.

We have engaged French tax advisers in relation to the French...

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Readers’ forum: Home again

© Copyright LexisNexis 2024. All rights reserved.

22 January 2020

Sale of overseas property by former non-resident.

Home again

My client and her former husband moved from the UK to France in 1985 at which time they sold their only UK property and ceased to be UK tax resident.

In 2000 they jointly acquired an investment property in France with a sitting tenant. The couple divorced in 2005 and the investment property was transferred to my client as part of the divorce settlement. In 2006 she moved permanently to the UK. In 2019 the sitting tenant died. My client has now exchanged contracts to sell the property with a completion date of January 2020. At no point has my client lived in the property so there would appear to be no entitlement to the only or main residence exemption.

We have engaged French tax advisers in relation to the French...

Only subscribers may read the full article

Subscribe Now...

Alternatively, you can register free of charge to read a limited amount of subscriber content per month.

Once you have registered, you will receive an email directing you back to read this item in full.

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4728

Categories: Forum & Feedback [1]

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