Darcio Fabri
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RE: Cost basis for recent moved to UK, remittance basis
Thank you. But I was told HMRC uses to be fair, and that does not seem to be fair, as for 1/3 ot the time of the appreciation of the shares, I was not a resident. Also if I had sold the shares 1 day before coming to UK for £110, brought the money on the same day, buy the share for £110 on the next day as a resident, and sold now for £120, my gain would be £10 and I would have paid half of the UK tax then? -
Cost basis for recent moved to UK, remittance basis
I've purchased US shares in 12/04/2021 at £100. Moved to UK one yar after, in 12/04/2022 when the shares were at £110 market value. If I sell these shares on 12/04/2024 at £120, which is the cost basis for CGT, £100, £110, a time based pro-rata or what?