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Where Taxpayers and Advisers Meet

CGT

BEANETTA
Posts:1
Joined:Fri Jun 14, 2019 6:15 am
CGT

Postby BEANETTA » Fri Jun 14, 2019 6:21 am

Hi,

I am a 25% shareholder in a business that is hoping to be sold this year.

I have been non-resident for 1 year.

Will I be liable for CGT?

Thanks

AGoodman
Posts:1738
Joined:Fri May 16, 2014 3:47 pm

Re: CGT

Postby AGoodman » Fri Jun 14, 2019 10:10 am

No, assuming:

1. residential property is not involved (i.e. not held by the company); and
2. you do not return to the UK within 5 tax years (if you do, you could be liable for the tax on your return).


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