Temporary non-resident

Question 1

Return to UK within 5 years

Answer 1

1. Pay UK CGT on all worldwide asets sold i.e if the asset was owned before leaving UK; and
2. Disposals after returning

Question 2

Return to UK after 5 years

Answer 2

Pay UK CGT only on disposals made after return.

Question 3

What is temporary non resident?

Answer 3

1. In more than or equal to 4 years of the 7 years immediately before becoming non-resident they were UK resident.
2. Period of non-residence is within 5 years.