7.4.1 General considerations

An individual returning to live in the UK needs to consider the tax implications – both in the UK and in the country where he or she is resident – of selling assets (including investments). In particular, he or she should determine whether to sell any such assets before or after becoming resident again in the UK.

7.4.2 Selling assets other than UK property and land upon return to the UK

The UK has specific rates of tax for capital gains, unlike some countries, such as Australia, where taxable gains are treated like income and taxed at an individual’s marginal rate of tax.

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