CGT - Temporary non-residence, Am I missing something
My client has been working overseas for several years. Non-res no probs and HMRC know this.
He bought a property in 1995 (when he was UK res) and sold it in June 2010 (when he was not). He came back in August 2011, 11/12 not the year of sale.
I need to check when he became non-res but my reading of s10A TCGA says "between year of departure and year of arrival there must be fewer than five years".
So if my client has been overseas for 10 years, say, it looks like s10A does not operate. Then what, no CGT? Surely it can't be simple.
It's very late. Am I being stupid?
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