I am a UK national currently living in California on a green card. After 20 years in the US I am planning on returning to the UK full time. I would like to know if anyone can advise me on whether the capital gain from my house sale will be taxed by UK inland revenue? I was hoping to complete the sale in the 2009/2010 tax year (i.e. prior to April 5th 2010) but that isn't going to happen now and the sale won't close until after the new UK tax year starts. It is my primary residence, in fact the only home I own. If it makes any difference I will be using all proceeds (and probably more) to purchase a property in the UK.
regards
roman