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Posted Wed, 13 Mar 2024 14:48:28 GMT by DeltaCharlie
I have been non tax resident for more than 15 years and have purchased all of my shares during this time. Do I need to sell the shares to realise the gains before returning to the UK to avoid UK CGT?
Posted Tue, 26 Mar 2024 17:23:26 GMT by HMRC Admin 19 Response
Hi,

You do not pay Capital Gains Tax on other UK assets, for example shares in UK companies, unless you return to the UK within 5 years of leaving. You can see guidance here: 

Capital Gains Tax: what you pay it on, rates and allowances

Thank you.
Posted Wed, 27 Mar 2024 05:47:53 GMT by DeltaCharlie
Reply appreciated but it does not answer my question, as far as I can understand. When I sell my shares after I become UK tax resident, am I liable for UK CGT on all gains accrued during the previous 15 years of non-tax residence?
Posted Thu, 28 Mar 2024 15:55:43 GMT by HMRC Admin 25 Response
Hi DeltaCharlie,
Capital gains is due in the country you are resident at when the item is sold.
Thank you. 
Posted Sun, 31 Mar 2024 23:42:24 GMT by VinayD17
Hi, I am a UK resident currently, and hold shares that vested during an employment while I was outside the UK and a non-UK resident. Am I liable for CGT when I sell these shares now as a UK resident or do I only pay CGT on shares that vested while I was a UK resident ?
Posted Thu, 04 Apr 2024 17:45:35 GMT by HMRC Admin 25 Response
Hi VinayD17z,
Yes, CGT will be due as they have already vested.
Thank you. 
Posted Thu, 09 Jan 2025 23:58:27 GMT by Porpoise
Hi, I have a follow-up question. If there were multiple acquisitions and disposals when I was non tax resident and only have e.g. 10 shares on hand when becoming tax resident, should the cost of last 10 shares acquired be used when I dispose these shares now as I suppose all same day rule, B&B rule and Section 104 would not apply during my time as non tax resident? Thank you.
Posted Fri, 10 Jan 2025 14:59:05 GMT by James Lawrence
Hi - Similar question but relating to the FX rate to use, Currently UK resident who sold USD denominated shares last year that were acquired / vested while i worked abroad for a foreign entity, When calculating tax liable, to identify the aquisition GBPUSD FX rate, can I use the rate at the point I became a UK resident. Seems illogical to use the rate of the acquisition date as GBP had no relevance to my equity or income at that point in time? Many thanks
Posted Thu, 23 Jan 2025 17:26:54 GMT by HMRC Admin 1 Response

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.
You are free to use any of the three rate HMRC provides, or you can use a rate obtained elsewhere, such as a newspaper or the London Stock Exchange.
or your convenience, there are exchange rates at:
The National Archives: Exchange rates from HMRC in CSV and XML format

For older rates at: The National Archives: Foreign exchange rates and spot rates: 1 January 1989 to 31 March 2009
You are free to use any of the supplied rates or one of your own choosing

Posted Fri, 24 Jan 2025 08:24:44 GMT by HMRC Admin 25 Response
Hi Porpoise,
To confirm you are correct. 

 

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