CGT on stocks and foreign bank accounts

[jonners99]

My wife now has permanent residency in the UK having grown up in the US. She still has a fair amount tied up in US bank accounts and stocks.

We are planning on buying a house next year and thus would like to sell the shares and bring over some of her bank funds. I have read you don't pay CGT on foreign shares but would we have to pay them in the US as that is where the stocks are based. The stocks were a gift when she turned 21.

Not entirely sure of the process but it appears that over in the US we can sell the stocks easily and then wire the money from both stock sale and bank account within a few days. Not sure though if we then need to do anything on the UK side once the funds have cleared.