I recall that some years ago, a non-resident returing to the UK could in theory get caught for CGT on an asset disposed of in the tax year of return falling into the non-resident element of a split year.
I cant recall which bit of legislation this was. Any pointers helpful. Moreover is this now defunct following the statutory non-residents test?
Replies (4)
Please login or register to join the discussion.
Not only the split year, also for years whilst non resident.
https://www.gov.uk/tax-return-uk
You might also want to check out one of the 'D' ESCs.... was it ESC D2? Whatever, it was enacted IIRC when the SRT came in. ESCs were concessionary, so I guess HMRC could have refused to apply it in the old days to which you refer. They can't refuse to apply legislation. (I don't know where the new law is, but a decent commentary will surely point you to it, from the ESC.)