This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. To find out more about cookies on this website and how to delete cookies, see our Cookie Policy.
Analytics

Tools which collect anonymous data to enable us to see how visitors use our site and how it performs. We use this to improve our products, services and user experience.

Essential

Tools that enable essential services and functionality, including identity verification, service continuity and site security.

Where Taxpayers and Advisers Meet

The 5 year rule - Living Overseas as UK Non Tax Resident

ProfRogers
Posts:1
Joined:Mon Sep 30, 2024 9:20 am
The 5 year rule - Living Overseas as UK Non Tax Resident

Postby ProfRogers » Mon Sep 30, 2024 9:21 am

Hi. Just so I understand the 5 year rule a little better for being a UK Non Tax Resident, I have created this simple example.
(We will presume in this example that I am correctly following the UK sensitive ties rules for spending the appropriate number of days in the UK.

So .... lets say I live 6 years overseas as a non UK tax resident, but I make a £1m Capital Gain EVERY ONE OF THOSE YEARS = £6m.
I then choose to RETURN to the UK on Year 7 as a tax paying resident. In theory would my CGT bill be £0?

Return to “Capital Gains Tax, CGT”