Non Resident CGT Tool

There are various rules to take into account when considering whether you will be subject to CGT as a non resident. Use this handy online tool to immediately guide you through the rules and find out if you are exempt.

Were you non resident for the whole tax year of disposal?

Yes

Were the assets sold used for the purposes of your UK business (carried out via a UK permanent establishment?

Yes

Will you be non resident for a least 5 complete tax years?

Yes

Did you purchase the asset after you left the UK?

Yes

Have you been non UK resident for at least some part of 4 of the 7 tax years before the tax year of departure?

Yes

Did you sell after you left the UK?

Yes

Were the assets sold used for the purposes of your UK business (carried out via a UK permanent establishment?

Yes

Have you been UK resident for at least some part of 4 of the 7 tax years before the tax year of departure?

Yes

Will it be used as a holding company owning shares in other trading companies?

Yes

Will there be withholding tax on dividends, interest and royalties?

Yes

Do you want to avoid the provisions of the EUSD?

Yes

You will be subject to CGT on the capital gain.

You should be fully exempt from CGT on the capital gain arising.

You may be exempt from CGT in the tax year of your disposal, however if you return within 5 tax years the gain would then be charged to UK CGT.

You should be free of CGT providing you sell during a complete year of non residence (as the 5 year anti avoidance rule should not apply to you).

Using a company in a treaty country such as Cyprus, HK or Singapore could be attractive in reducing withholding taxes.

IOM company

A Switzerland, Cyprus, Denmark or Spanish holding company would be a good option

A Singapore or Hong Kong company would be useful.

A BVI, Seychelles or Belize company would be a good option.