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Where Taxpayers and Advisers Meet

CGT for overseas resident

chorton84
Posts:1
Joined:Tue Aug 15, 2017 10:54 am
CGT for overseas resident

Postby chorton84 » Tue Aug 15, 2017 10:56 am

Hello, I am a British Citizen, however I have been living in the UAE for the last 2.5 years. Since leaving I have acquired a portfolio (not in ISA) of shares (on both the AIM and FTSE Markets). If I return to the UK to work, will I have to pay Capital Gains Tax on any gains that I have made?

pawncob
Posts:5099
Joined:Wed Aug 06, 2008 4:06 pm
Location:West Sussex

Re: CGT for overseas resident

Postby pawncob » Tue Aug 15, 2017 3:20 pm

Only when you sell the shares. The AIM shares will be exempt.
With a pinch of salt take what I say, but don't exceed your RDA

maths
Posts:8507
Joined:Wed Aug 06, 2008 3:25 pm

Re: CGT for overseas resident

Postby maths » Tue Aug 15, 2017 3:55 pm

The AIM shares will be exempt.
?

pawncob
Posts:5099
Joined:Wed Aug 06, 2008 4:06 pm
Location:West Sussex

Re: CGT for overseas resident

Postby pawncob » Tue Aug 15, 2017 4:07 pm

AIM shares are not exempt from CGT. (Confusion reigns)
With a pinch of salt take what I say, but don't exceed your RDA


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