Diane....

Here is how i understand the tax laws regarding capital gains tax. Im not overly familiar with them as i dont reside in the UK, but i am a non resident and i do have knowledge of the cap gains tax laws in regard to non residents. If you are a Uk resident ANY income (excluding certain types of investment, but including property) from anywhere in the world is subject to capital gains tax unless you are subject to the tax laws of the country in which you are invested in, in which case i believe there are some concessions. If you are non resident and fulfil the criteria of non residency, stumbled highlights above, the same applies in regards to capital gains tax. If you are non ordinarily resident non domicile, and continue to have that tax status for 4 years, then you are not liable to pay capital gains tax on investments 4 years old or began at the point in time you became non ordinarily resident non domicile. So in summary, if you are a UK resident i believe you are subject to capital gains tax on property investments globally, however the amount due varies depending on if you are subject to local taxes of the country you are invested in, in which case they are offset against UK capital gains tax. I would certainly suggest paying a small amount to an accountant experienced in these laws to explain or write in plain speak english, anything that is applicable to you and your investment(s) offshore or otherwise....