What is Nostr?
Mike
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2024-10-18 14:18:38
in reply to nevent1q…n9s0

Mike on Nostr: This explains it in a roundabout way: Held-over gains Before leaving the UK, it is ...

This explains it in a roundabout way:

Held-over gains

Before leaving the UK, it is important to check whether an individual’s switch to becoming non-UK resident/non-UK ordinarily resident will trigger previous CGT liabilities that they have deferred by the use of holdover relief. If you leave the UK within 6 years of receiving a gift that you elected to hold over the gains, a CGT charge could be triggered on the whole of the held over gains.

https://trinityfinancial.ie/leaving-the-uk-capital-gains-tax-implications/
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