Unit Trusts and OEICs when leaving the UK

[esmondo]

Hi, I've been trying to establish my taxation position on my portfolio of unit trusts etc, which I have purchased as a UK resident. I am shortly going to be moving to Taiwan indefinitley and wish to hold onto my UK portfolio, however, I'm not sure of the tax position. I understand that I won't be liable to capital gains tax once I've been non-resident for 5 years, but there are still some things confusing me:

1. I think that any fund switches within the unit trust collection will be disposals for CGT - will I still be entitled to my annual allowance once I'm non-resident?

2. What is the tax position on any income from my unit trusts? eg will I pay income tax on any distributions that get reinvested? Is there a particular type of fund/unit I should look at moving to before I leave the UK to minimise any tax?

Thank you for your help

[maths]

If you move outside the UK permanently/idefinitely then you will become non-resident and non-ordianrily resident for UK tax purposes.

You will thus fall outside any charge to CGT.

You will only fall back within a charge to CGT should you return to the UK within 5 tax years after leaving.Thus, there is no need to wait 5 tax years before disposing of any assets so long as you are sure you won't return to the UK within this period.

Dividend source income will not effectively be subject to income tax once you have left the UK unless you have, say, rental income or certain other forms of UK source income.

[oliveB]

It will only fall back within a charge to CGT.

[RAL]

To OP

Ignore this comments as it seems he/she is spammer.

It will only fall back within a charge to CGT.