I am thinking about coming to live in the UK, am I liable to capital gains tax in the year of my arrival in the UK for permanent residence?
A. Yes, but if you become resident in the UK during a tax year, having been neither resident or ordinarily resident in the UK at any time during the 5 tax years immediately preceding that year, you are, by concession (extra statutory concession D2), liable to capital gains tax only on gains arising from disposals made after the date of your arrival.
Related Questions
- What is the apportionment for UK capital gains tax purposes between ordinary shares and B Shares as a result of the return of capital in December 2007/January 2008?
- I am thinking about coming to live in the UK, am I liable to capital gains tax in the year of my arrival in the UK for permanent residence?
- Are expats liable for capital gains tax on UK property sales?
