IF I UY A PROPERTY IN FRANCE AND SELL IT WITH IN A YEAR OF PURCHASE AM I LIBLE TO CGT IN FRANCE IF I AM A UK RESIDENTS

Yes

Fariba, You are also liable to CGT in France, and you pay the difference to the UK Tax authorities. UK CGT will usually be higher that French CGT. Andrew

I AM SELLING MY FLAT AFTER ONE YEAR OF PURCHAE.WHAT PORCENTAGE IS CGT IN FRANCE? AND WHAT PERCENTAGE IS IT IN UK?

Fariba, In the UK, CGT will be paid on the taxable gain (i.e. the profit, less any allowable costs). The first £8,800 is tax free, the CGT is payable at your normal rate of tax, so probably 20% or 40%. In France, I think it's 16% on the profit. There may be some allowances. Please take some professional advice on this one! Andrew

CGT for Europeans is 16% in France and Andrew is right there are some small allowances. However, do not forget the 5% that Estate Agents charge for selling a property for you - this is on the full selling price too, which is quite a hefty amount. This could negate much of the gain after just one year.