2013 Finance Bill change?

Hi

Is it me or does the 2013 Finance Bill change the 5 year non residence requirement for CGT?

Looking at the Finance Bill it states that the temporary non residence provisions apply "if the period of temporary non residence
is 5 years or less."

Before 6 April 2013 you could avoid the temporary non resident provisions by remaining abroad for at least 5 complete tax years.

This would indicate to me that you have to be non resident for 6 years where you leave after 5 April 2013 - or have I missed something?

Thanks

Tim

 

 

Comments
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You are quite correct, and it

eastangliantaxadvisor |
eastangliantaxadvisor's picture

Many thanks for this. I

ttfg1 |