Calvin
Joined: 12/13/2024
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Selling stocks before becoming a tax resident
Hi, my family and I relocated to the UK at the end of July 2024. As I understand it, you become a tax resident in the UK after residing there for 183 days. If I sell my current stocks at the end of December 2024, will I need to pay Capital Gains Tax (CGT) on the profits? Since in December 2024, I still haven't reach 183 days of residence and am not yet considered a tax resident, I am unsure whether I am liable for this tax.