Transfer of 30000 pound for seels of house?

Question

I am selling my house abroad and the money would be transfered to my UK account. Would I be paying tax on that transfer if so how much.

Answer 1

If it was not your main home (ie; it was a holiday home), yes you would pay Capital Gains Tax. Some of it would be exempt ( For an individual £9600). The rest would be taxed, but the rate would depend on your income.

Answer 2

The only possible tax is capital gains tax on the gain (calculated from the then sterling equivalent cost and the current sterling equivalent sales proceeds - so any profit or loss on the currency exchange is taken into account) unless it was your sole or main residence.  If capital gains tax is due it is charged at a flat rate of 18% on the gain in excess of (this year) £9,600.