Self Assessment Remittance Basis for Stock Investment

Hello, I recently relocate from Japan to UK in December 2023, prior relocation I never enter to UK and without valid citizenship, but is a BNO passport holder. Currently I am preparing self assessment for 2023/24, in regards the stock investments, I have Japan and US broker account respectively, which holding Japan listed stocks and US listed stocks. Due to relocation, I transferred the Japan listed stock investments from Japan broker account to a newly open UK broker account at the same broker in Feb 2024. Then I sold part of the stocks with capital gain in March 2024 and remain part of the stocks unsold. Therefore, in regards to the stock position I transfer from the Japan account to the UK account and the subsequent sell of these stocks, I would like to claim for remittance basis of the CGT in my self assessment 2023/24. Please advise the further action and whether I am eligible for the claim. Many thanks and look forward to hearing from you soon. Regards, Kingson

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.

Thank you. In addition, I have another US broker account, I sold part of the investments with capital gain in tax year 2024/25, but the proceed has not transfer back to any UK account, if I wish to do so is this proceeds require to declare and eligible to the remittance basis application, if yes, please kindly advice the steps to complete.

Hi Kingson Y

Please refer to guidance at Remittance basis 2024 (HS264)

Thank you