Question:
Can I offset capital gains tax (CGT) generated on a buy-tolet property sale in the UK (in 2015 and 2016; a two- part sale) against a rental property development in Greece that started in 2016?
Arthur Weller replies:
Unfortunately, there is no rollover/holdover or deferral of CGT caused by the sale of a UK residential property, by investing in another property, whether in the UK or abroad, except: (a) in the case of a compulsory purchase; or (b) after the sale of a qualifying furnished holiday letting.
