Tax rules in the UK

[jacinta]

Hello,
I was just wondering what the rules regarding to Capital Gains Tax were in the UK? As an Australian resident, I am finding it hard to get access to this information. I was also wondering what the death duty rules were and possible ways of avoiding these. Also, if you have any information about "gifting" rules, that would be greatly appreciated.

Thank-you for your time,
Jacinta

[Lee Young]

If you are resident and domiciled in Australia you do not need to worry about UK CGT as it will not apply to you, and UK inheritance tax will only apply to those assets you have in the UK. If you make gifts of those UK assets you have to survive 7 years before no inheritance tax is payable.

[King_Maker]

You are able to consult HMRC's Procedure Manuals on their website - including CGT and IHT.

http://www.hmrc.gov.uk/manuals/