Skip to main content

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

Posted Thu, 19 Sep 2024 20:36:28 GMT by Prof Rogers
Hi. Just so I understand the 5 year rule a little better for being a UK Non Tax Resident, I have created this simple example. (We will presume in this example that I am correctly following the UK sensitive ties rules for spending the appropriate number of days in the UK. So .... lets say I live 6 years overseas as a non UK tax resident, but I make a £1m Capital Gain EVERY ONE OF THOSE YEARS = £6m. I then choose to RETURN to the UK on Year 7 as a tax paying resident. In theory would my CGT bill be £0?
Posted Thu, 26 Sep 2024 17:19:59 GMT by HMRC Admin 20 Response
Hi,
We can only provide general information / guidance in this forum.  
For an answer to a detailed question of this nature, you would need to contact our self assesment helpline on 0300 200 3310, or contact our webchat facility at Contact HMRCc or seek professional advice.
Thank you.
Posted Thu, 26 Sep 2024 17:29:18 GMT by Prof Rogers
Seems a pretty basic principle that I am asking about but ok.

You must be signed in to post in this forum.