Any Brits here who invest in the SET who have been living outside UK 5 years + ?

Are your profits CGT-free as a British expat living/working/studying in Thailand ?

i think CGT on stocks is zero in Thailand....but just wonder if blighty will try and claim a share from someone classed as non-domiciled with no property or income from the UK.... i.e. someone who has legitimately severed ties to the UK for the period of investing BUT may return in future with any profits after a period of investing.

I know the poor Yanks have to pay tax on worldwide income over a certain amount wherever they reside.

Edited February 20, 201115 yr by freedomnow

It is not relevant for UK CGT whether you have taken gains on Thai stocks or Uk stocks, the same rules apply , the issue is where you were resident when you aquired and when you disposed of those assets and how long you were non-res for.

There is no CGT to pay in the UK while you are non-resident (incl on say UK stocks). If you return to the UK having been non-resident for at least five full tax years then there is no CGT to pay on any gains taken while you have been away. If you return within the five years then gains taken (while away) on assets you aquired PRIOR to being non-res are brought into charge and you are assumed, for tax purposes, to have taken those gains on the date of your return. However, there is no CGT payable on gains taken on assets that you aquired while you were non-res.

Edited February 21, 201115 yr by wordchild

It is not relevant for UK CGT whether you have taken gains on Thai stocks or Uk stocks, the same rules apply , the issue is where you were resident when you aquired and when you disposed of those assets and how long you were non-res for.

There is no CGT to pay in the UK while you are non-resident (incl on say UK stocks). If you return to the UK having been non-resident for at least five full tax years then there is no CGT to pay on any gains taken while you have been away. If you return within the five years then gains taken (while away) on assets you aquired PRIOR to being non-res are brought into charge and you are assumed, for tax purposes, to have taken those gains on the date of your return. However, there is no CGT payable on gains taken on assets that you aquired while you were non-res.

Thanks for that info wordchild.......it's cleared things up.