Have a Tax Question? Ask a Tax Expert
So in the UK I am excluded due to the fact that the reason I have been out the house is due to my employer and being assigned to positions in other countries and this is the sole property I own as I have rented in the US till now. If I understand it well there are no such exclusions and I will have to pay the 15% on gain even though the gain is likely to be only around 100,000 GBP. The intention is to use the gain as a deposit to purchase a home in the US.
Is there no right of appeal or any exclusions ?