fabio123 yau

My concern is which year to calculate the cost of capital gain tax. The year I bought the proeprty in 2015 or the market price of the year ( Oct 2024) I come to UK with BNO visa ?

Can anyone reply to my question as below ? If the BNO visa holder immigrates to UK on 1 Oct 2024 and choose the arising basis for his domicile, he will be liable for UK capital gains tax on the sale of the non-UK property in Hong Kong. If he sells the property on 31 Sept 2025, the selling price = £500K. The market price of the property on 1 Oct 2024 = £400K And the market price of the property on 5 April 2015 = £200K My question is that which year of the cost it is to be referred to? 1 Oct 2024 on board to UK or 5 April 2015 ( non-resident capital gain tax calculation ?) ?

If the BNO visa holder immigrates to UK on 1 Oct 2024 and choose the arising basis for his domicile, he will be liable for UK capital gains tax on the sale of the non-UK property in Hong Kong. If he sells the property on 31 Sept 2025, the selling price = £500K. The market price of the property on 1 Oct 2024 = £400K And the market price of the property on 5 April 20215 = £200K My question is that which year of the cost it is to be referred to? 1 Oct 2024 on board to UK or 5 April 2015 ( non-resident capital gain tax calculation ?) ?