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Posted Sun, 16 Jun 2024 21:19:56 GMT by Kingson Y
Hello, I relocate from Japan to UK in December 2023, with non-domicile stock investments, holding Japan listed stocks in Japan broker account and US listed stocks in US broker account. Due to relocation, I made an internal transfer of my stock investments from Japan broker account to a newly open UK broker account at the same broker in February 2024. Then after the transfer, I sell some stocks in March 2024 and remain some position in the UK broker account. I am now preparing my self-assessment 2023/24 and noted UK resident can apply remittance basis for any foreign income and capital gain. Therefore, I want to claim the stock investment that I transfer from Japan to UK broker account for tax exemption of any gain arise from these Japan listed stocks. Please could you advice whether I am eligible to make this claim for all the stocks that I transfer from Japan to UK, and so the subsequent capital gain when I sell these stocks after the transfer. Many thanks and look forward to hearing from you soon. Regards, Kingson
Posted Thu, 20 Jun 2024 09:31:37 GMT by HMRC Admin 20 Response
Hi,
As the shares were sold when you were in the UK and from a UK stock account, this is UK income and as such not covered by
the remittance basis and needs to be declared.
Thank you.

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