Illustration - temporary non-resident

In this lesson

1. 0:00 Temporary non-UK resident rules explained
2. 0:49 Identifying taxable disposals during absence
3. 1:21 Quoted shares sold before departure
4. 1:43 Painting sold whilst overseas
5. 2:12 Assets exempt from UK CGT
6. 2:28 Key dates for determining tax exposure

About this lesson

You'll discover which assets trigger UK CGT exposure when sold overseas, how to calculate gains correctly, and crucially, when those gains are taxed (often on return to the UK rather than in the year of sale). This is essential for TX and ATX, where temporary non-UK resident scenarios regularly appear in both objective tests and case studies. The key principle is straightforward: if you owned an asset when you left the UK and sold it while temporarily non-resident, you're still liable to UK CGT on the gain. The worked example walks through four different disposals—quoted shares, a painting, an antique bed, and a motor car—showing you exactly how to identify which ones fall within the rules and which don't. You'll see how timing of purchase and sale, combined with your residency status, determines both whether CGT applies and when the tax is due. By the end, you'll understand the critical dates to check: when the asset was bought, when it was sold, and when you left and returned to the UK. This clarity on timing is what separates confident answers from costly mistakes in your exam.

Duration: 3m