CG18130 - Annual exempt amount: residence in the UK

The annual exemption is not restricted where an individual or trust becomes or ceases to be resident or ordinarily resident in the United Kingdom during a year of assessment.

Non-resident individuals or trustees that are within the scope of charge to Capital Gains Tax e.g. on direct or indirect disposals of UK land (see CG73700+ and CG73920+) or disposals of certain assets (see CG13550) if trading in the United Kingdom through a branch or agency are entitled to the appropriate exemption.

For non-resident trusts forming part of a group, see CG18113.

*For 2013/14 and subsequent years ordinary residence does not need to be considered.