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Service France
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Q. I have done well out of my buy-to-lets but want to sell. The problem is the Capital Gains Tax. My accountant has worked it out and it will cost me a fortune in tax to sell. Is there a simple and legal way to avoid it?
A. At the moment yes, simply by moving to France. If you exchange contracts whilst you are not UK resident or ordinarily resident for an entire UK tax year you pay no tax in the UK.
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Sykes Anderson LLP can advise on how to save CGT on the
sale of UK property in the run-up to the implementation
of the new UK-France double tax treaty.