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Is there a TAX for capital gain in Land purchase in United Kingdom ?


I am a foreigner thinking of investing in overseas land in UK, and wonder if i sell the land in few years to come, and is there a TAX by UK government for any capital gain for the land ?

note : I am not presently residing in singapore, and buying land is just part of the investment.,

thanks

Yes, the UK's Capital Gains Tax does include land.

Tax is tiered at rates of 10%, 20% and 40%. The tax would be reduced by taper relief (based on the length of time the land is owned before being sold), the capital gains annual exemption and your personal allowance for tax.

UK tax is administered by H M Customs & Revenue. See their website at http://www.hmrc.gov.uk/

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