sungirl
-
non-resident CGT applicability on UK joint shares account
If I am a non UK tax resident for more than 5 years but jointly own UK shares in a UK investment account with a sibling who remains a UK tax resident, am I liable for CGT on my 50% interest in any capital gains upon liquidation of the account? My understanding is that we are each responsible for our respective CGT on our 50% shares such that I have no UK CGT liability but he will as a UK tax resident. Thank you.