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?
- option to tax 179 1
- Share of profits from building society 30 1
- B2B vat in the EU 66 1
- VAT on deposits 178 1
- sage vat journal 58 1
- Why should I retain membership? 2,583 44
- Coding Notice 75 1
- Free invoicing software 103 2
- Stamp duty on multiple property transaction 296 17
- New business - journal entries 221 15
- BTL property solely in wife's name - can she split rental income with husband? 544 15
- CIS deductions against the wrong UTR 244 7
- Looking for BIK v mileage comparison software 159 2
- Capitalised professional fees - with no corresponding asset 403 4
- 100% Annual investment allowance on luxury cars 666 17
- Alerting clients versus walking away from clients 348 4
- Trade name 93 1
- Resident Landlord Expenses 185 6
- Samadian effect on self employed student support workers 126 3
- Employee shareholder contracts 106 1
- Auto enrolment excuses 744
- Feedback on accounts production software for IFRS 700
- Add T&Cs to Sales Order in Sage 376
- Social investment tax relief 197
- Digita Hosted Software 189
- Call Centre Data Costs 186
- Buying goods in US and selling them to company in US 150
- Travel costs and contractors 140
- Problems with Sage 50 Payroll v21(2015) 127
- Certificates of tax deposit 124