Investment & Investing

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Howard in reply to @ChasnotRobert

Is it correct to that no UK tax liability would arise?

I guess...under what set of circumstances in this situation would no tax liability arise in the UK?

A quick read of HMRC's stuff on this indicates that if you are resident, you pay CGT.

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aggi in reply to @Howard

A quick read of HMRC's stuff on this indicates that if you are resident, you pay CGT.

You'd likely (I've not checked if there is a treaty in place) get double tax relief on the Portuguese tax paid though.

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Howard in reply to @aggi

Yeah. But it's very unlikely there is no tax to pay in the UK if you resident, and the question was about whether there was a UK tax liability. There is, if they are resident and not something weird like Non-dom.

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