Skip to main content

This is a new service – your feedback will help us to improve it.

Posted Mon, 07 Oct 2024 16:55:03 GMT by sungirl
If I am a non UK tax resident for more than 5 years but jointly own UK shares in a UK investment account with a sibling who remains a UK tax resident, am I liable for CGT on my 50% interest in any capital gains upon liquidation of the account? My understanding is that we are each responsible for our respective CGT on our 50% shares such that I have no UK CGT liability but he will as a UK tax resident. Thank you.
Posted Wed, 16 Oct 2024 15:30:24 GMT by HMRC Admin 13 Response
Hi 
You would need to consult the tax treaty with your country of residence, to ensure that the capital gain is covered.  
Guidance is available at: Tax treaties 
If the treaty gives your country of residence the right to tax your gain, you would not have to pay any capital gains in the UK.  As a UK resident, your brother would have CGT to pay.
Thank you

You must be signed in to post in this forum.