Hi,
You may have a Capital Gain liability, which you would report in a Self Assessment tax return.
You will only be able determine this once you dispose of the property.
There is a Capital Gains calculator at
Tax when you sell property.
You would be entitled to private residence relief for the period of time that the property was your main residence.
You can find guidance on this at help sheet HS283:
HS283 Private Residence Relief (2024)
To work out if there is a gain, requires that you covert all of the figure from HKD to GBP sterling, using an exchange rate in use at the time.
Under the terms of Self Assessment, we do not provide an official exchange rate and the onus is on the individual to use a just and reasonable exchange rate for each acquisition and disposal. For your convenience, there are exchange rates at:
https://webarchive.nationalarchives.gov.uk/ukgwa/20231016190054/
Exchange rates from HMRC in CSV and XML format and for older rates at:
https://webarchive.nationalarchives.gov.uk/ukgwa/20100202113554/
Exchange rates from HMRC in CSV and XML format.
You are free to use any of the supplied rates or one of your own choosing.
HS261 Foreign Tax Credit Relief: Capital Gains (2018) and
Relief for Foreign Tax Paid 2024 (HS263).
Thank you.