Basis of assessment
You'll learn how capital gains tax applies to different types of UK residents and non-residents, and how the new foreign income and gains regime (FIG regime) from 6 April 2025 changes the rules for newly resident individuals.
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In this lesson
- 0:00 Overseas capital gains tax basis
- 0:21 Resident status and taxation rules
- 1:04 Foreign income and gains regime
About this lesson
This lesson covers the basis of assessment for capital gains tax on overseas aspects, including when UK residents pay tax on worldwide gains, when qualifying new residents have limited exposure, and when non-residents fall outside the UK tax net. Understanding residency status is essential for ATX and SBR, as it determines your tax liability and planning opportunities across multiple jurisdictions.
Duration: 1m
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