Aled Morgan
Joined: 7/6/2024
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CGT of acquiring an asset while non-resident
Dear Team: Under the anti avoidance rules, I understand if an individual sells an asset subject to CGT while they are a non UK tax resident (living abroad and paying tax in another country) they are required to pay CGT if they return within 5 years to UK. However, if the individual ACQUIRES and SELLS the asset while they are non UK-tax resident, is there any requirement to pay CGT under the UK rules, if they return within five years ? The individual would be tax resident in another country and subject to the rules of that country Regards