Jmucjmuc
Joined: 5/2/2024
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Overseas CGP exemption under the newly passed bill
As the bill for overseas CGT has been passed https://bills.parliament.uk/bills/3873. I moved to the UK in June 2022, and have lived in the UK less than 4 years. May I know if the overseas CGP will be exempted if I sell my overseas stock in the financial year of 2025-2026? If yes, do I still need to report my overseas capital gains in the tax return? -
Oversea capital gain tax
I moved from Hong Kong to the UK in 2022 under a BNO Visa, so I have not yet lived in the UK for five years. If I sell my overseas stocks during the 2025–2026 tax year, will I be exempt from overseas Capital Gains Tax? If so, do I need to declare my overseas capital gains for this tax year when filing my tax return?