LRSilson
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Assets as non resident disposed of as resident

Investments acquired by Domiciled as Non resident client (over 5 years ago) disposed as UK resident

Need some guidance regarding the CGT position of client who is about to is about to become UK resident  after long status as Non resident. Investment assets acquired as Non resident long term ( + 5 years).  On disposal of assets as UK resident I think he will be liable to Gain for CGT.  The question is what value would be used for cost of investment in detemining the  calculated gain for CGT,  could it be for example be the  valuation  at  the time client becomes UK resident subject to HMRC agreeing to valuation. Thank you

 

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By bajones
18th Jul 2017 14:19

No it could not.

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