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Where Taxpayers and Advisers Meet

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by Colboz
Wed Oct 16, 2019 8:25 am
Forum: Capital Gains Tax, CGT
Topic: CGT applicable period split year - new UK residents
Replies: 5
Views: 9741

Re: CGT applicable period split year - new UK residents

Many, many thanks for that. Could you please help with 2 further questions Do they take the USD gain and use the FX on the day of the sale to translate it to GBP ? Normally this would come under CGT. However the funds are Offshore Mutual non-reporting - so I'm told they would be taxable under Income...
by Colboz
Sat Oct 12, 2019 12:50 pm
Forum: Capital Gains Tax, CGT
Topic: CGT applicable period split year - new UK residents
Replies: 5
Views: 9741

CGT applicable period split year - new UK residents

Some friends of mine became UK residents on 1st August 2018 - which is when the husband started working. So for that particular tax year for income, the split year treatment would apply to income from dividends etc Would the same split year treatment apply to CGT from offshore mutual funds that they...

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