I bought a house in the US in about 2010 and used it as a holiday home for my family (it was never rented out).
In around 2013 I sold the house, which after paying the estate agents fees and leaving furniture in the house I made a slight loss on.
I had to jump through hoops with the IRS before they would release all of the money from the sale (they withheld around 20 % of the sale proceeds until I put in a tax return the following year). As I was awaiting all the proceeds to be released I left the whole amount I got from the sale in a US bank. About 1 year later I recovered the withheld amount but then had difficulties in the US bank transferring the amount to my UK about.
Anyway to cut along story short I bought dollars when the rate was good (at around $1.90 to £1) and sold (in 2016) after Brexit vote (rate of about $1.25 to £1).
Do I have to pay tax for the gain I have made, if I do will if be capital gains tax and at what rate.
Thanks in advance for any assistance.