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Beware of new tax on property

Colorful English houses facades in blue, pink, yellow and white colors in London

A tax rule means doctors who go abroad and let out or sell their UK house are in for a nasty surprise. Melanie Thomas explains.

Doctors who are living overseas and who sell a home in the UK should beware of being caught out by changes to the capital gains tax rules.

The changes, which came into force on 6 April 2015, mean that non-UK residents must pay tax on any increase in the property’s value from that date until the date of the sale, and to submit a capital gains tax return within 30 days of completion.

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