Capital Gains and university.

[Proberts]

I'm a student who does not live in England, but is intending to go to university there next year (this september.) I had inherited a house and am now selling it for a large sum of money. If I do go to university in England before next April, will I be liable to pay Capital Gains Tax?

[bednobs]

surely it would be subject to whatever tax there is in the country you are living, nothing to do with the country you are coming to. Do they even have capital gains tax wherer you are?

[Proberts]

I live in Guernsey, in the Channel Islands. It's a crown dependancy so it's all a bit iffy. As it is I wont be paying Capital Gains in Guernsey.

[dzug]

House prices are falling - will you actually make a capital gain if you sell?

[Proberts]

I am selling the land as developmental property rather than as a house, so it's going for about double price.