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Reporting a CGT loss on a non-UK Reporting Status fund

Posted Thu, 11 Jan 2024 11:48:45 GMT by
In March 2022, when I was living abroad (I had been non-resident for UK tax purposes since 2016), I bought some USD-denominated shares in a US-domiciled fund that does not have UK Reporting Status. I sold this holding at a loss in May 2023, after I had returned to the UK and become tax resident again. Am I allowed to register this loss and net it off against my other CGT gains for the current tax year? Do I need to make any adjustment to my calculated loss to reflect the fact that it relates to a non-UK Reporting Status fund? Thank you
HMRC Admin 10 Response
Posted Tue, 16 Jan 2024 16:05:38 GMT by HMRC Admin 10 Response
Hi
These are not chargeable to capital gains and as such there is no capital loss. See guidance at What happens when I dispose of my shares/units in a non-reporting offshore fund?

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