Hi,
Can anybody tell me the answer to the following question.
My friend is selling his apartment in Krakow and was wondering if it is the date on which he signs the preliminary agreement that triggers the capital gains tax due or is it the date on when he closes (i.e. signs the final agreement).

In the UK it is the date you exchange that triggers the CGT not the completion date. So he wants to ensure that if he signs a preliminary agreement now that he does not get caught to pay 40% instead of the new rate of 18% after the 5th April when he signs the final agreement.

Thanks for your comments.