However, if you are neither resident nor ordinarily resident in UK, you are not liable to CGT unless you are just a temporary non-resident, or you carry on a trade in the UK and dispose of UK assets used for the trade.
- Individuals who are resident and ordinarily resident outside the UK for less than five tax years may be subject to a CGT re-entry charge when they come back to UK. Such people are normally liable to CGT on their return to the UK on disposals made while they have been abroad of assets that they acquired before their departure (ie there is a re-entry charge).
- There is no re-entry charge for individuals who were not resident and not ordinarily resident in the UK for four of the seven tax years before the year of departure.
- The position of non-UK domiciled individuals changed from 6 April 2008, when new rules were introduced. Whereas they used to be generally exempt from tax on gains realised and kept overseas, in some cases they will now be taxable on all gains, not just those remitted to the UK.
Click here for an overview of residence and domicile.Last Updated
