Temporary non-resident
In this lesson, you'll learn how the temporary non-resident rules apply to capital gains tax and why the timing of your departure and return to the UK matters.
This lesson is part of a paid course
Buy the course to unlock every video lesson and the AI Tutor, plus mock exams with feedback on CIMA courses.
Already bought? Sign in
Ask the AI tutor anything about this lesson
It knows every lesson in the course — explanations, clarifications, practice questions.
In this lesson
- 0:00 CGT for non-UK residents overview
- 0:15 Temporary non-residents explained
- 1:08 When gains are taxed for temporary residents
- 1:43 Assets acquired before leaving the UK
- 2:31 Worked example: temporary resident asset disposal
About this lesson
You'll discover what defines a temporary non-resident (someone away for five years or less after being UK resident for at least four of the last seven years), and crucially, which assets are caught by these rules: only those you owned before leaving the UK and sold while abroad. The key principle is that gains on these assets are taxed in the year you return to the UK, not when you dispose of them—a timing rule that catches individuals who haven't been away long enough to escape the tax net. By understanding this distinction, you'll be able to identify when CGT applies to non-residents and plan accordingly for your ATX or SBR studies.
Duration: 3m
Transcript
Every lesson comes with a full searchable transcript - included with the course.
Get the Advanced Taxation course
All 365 video lessons, an AI Tutor in every lesson and lifetime access.
Already bought? Sign in