Julie Jones

Myself and my husband are planning to return to the UK at some point during the 25/26 tax year to be closer to, and to look after, my husband’s elderly parents. We are dual UK/US citizens - both born in the UK and since acquiring US citizenship. We left the UK in 2000 and have never spent more than a few weeks in any one year in the UK. Our return to the UK is a temporary one, likely to extend no longer than 3-4 years, but during these years it is likely that we will receive a significant amount of money related to a sale of US based business/land (that will be subject to US Capital Gains Tax). Am I correct in thinking that any such income would not be subject to UK taxes based upon the new Foreign Income & Gains legislation coming into effect from April 2025? Thanks in advance for your advice.