C W

Hi there, Our family just got the BNO visa and we plan to move to the UK in 2024 tentatively. In the meanwhile, we will travel to the UK in this summer for a tour for few weeks and return. Regarding the effect of immigration timing on the following tax items, may I seek for your clarification please: 1. VAT for the personal belongings on relocation – Does the exemption period of 12 months start from the first day we enter the UK (2023) since BNO visa is granted, or the date when we relocate to the UK (2024)? 2. CGT for the sales of residential housing in HK – same question on the exemption period as the above. 3. Inheritance tax – Does it apply for the assets inherited from deceased parents in HK? In case there is a cut-off timing, which one of the above should apply? 4. Does it make a difference on the immigration status if we travel to the UK in this summer with HKSAR passport instead of BNO? That is to show the intention that this time only for tour but not relocation. Thanks and regards.