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Posted Sun, 16 Jan 2022 20:32:50 GMT by BobC
Hi - I recently moved to the UK from Canada, where I hold investments that I acquired during my time in Canada. In my final tax return to Canada, I will calculate the capital gains on my investments as a "deemed disposal" - ie: the gains as if I sold them on my final day in Canada. However, Canada allows me the option to defer the payment of this tax until such time as I actually dispose of these assets. If I elect to defer this tax to Canada, when I eventually dispose of these assets, does the UK give me relief against the tax paid to Canada on this same capital gain up to the point when I left Canada? Such that I only effectively pay tax in the UK on the gain in the asset since I left?

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