IR20 - Residents and non-residents liability to tax in the United ...
IR20 - Residents and non-residents liability to tax in the United ...
IR20 - Residents and non-residents liability to tax in the United ...
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This guidance does not apply from 6 April 2009. The guidance it conta<strong>in</strong>s is replaced by <strong>the</strong><br />
guidance provided <strong>in</strong> HMRC6 – Residence, Domicile <strong>and</strong> <strong>the</strong> Remittance Basis. It is kept<br />
available for those people who need <strong>to</strong> make reference <strong>to</strong> <strong>IR20</strong> for <strong>the</strong>ir <strong>tax</strong> affairs before<br />
5 April 2009.<br />
Fur<strong>the</strong>r <strong>in</strong>formation<br />
8.11 In <strong>the</strong> space available <strong>in</strong> this Chapter it is only possible <strong>to</strong> offer general guidance on<br />
some of <strong>the</strong> more important <strong>to</strong>pics. For more detailed <strong>in</strong>formation about capital ga<strong>in</strong>s<br />
<strong>tax</strong> you can obta<strong>in</strong> ‘Capital Ga<strong>in</strong>s Tax - An <strong>in</strong>troduction’ from any Tax Office or<br />
HM Revenue & Cus<strong>to</strong>ms Enquiry Centre.<br />
8.12 Scope of <strong>liability</strong> <strong>to</strong> capital ga<strong>in</strong>s <strong>tax</strong><br />
Residence status <strong>and</strong> domicile<br />
Resident <strong>and</strong> ord<strong>in</strong>arily resident,<br />
domiciled<br />
Resident <strong>and</strong> ord<strong>in</strong>arily resident,<br />
not domiciled<br />
Resident but not ord<strong>in</strong>arily<br />
resident, domiciled<br />
Resident but not ord<strong>in</strong>arily<br />
resident, not domiciled<br />
Not resident but ord<strong>in</strong>arily<br />
resident, domiciled<br />
Not resident but ord<strong>in</strong>arily<br />
resident, not domiciled<br />
Not resident <strong>and</strong> not ord<strong>in</strong>arily<br />
resident, domiciled<br />
Not resident <strong>and</strong> not ord<strong>in</strong>arily<br />
resident, not domiciled<br />
Ga<strong>in</strong>s on disposal of<br />
UK assets�<br />
Liable<br />
Liable<br />
Liable<br />
Liable<br />
Liable 2<br />
Liable 2<br />
3, 4<br />
Not liable<br />
Not liable 3,4<br />
1. There is no <strong>liability</strong> if <strong>the</strong> disposal is of certa<strong>in</strong> UK Government Securities.<br />
2. See Chapter 9 about possible relief under a double <strong>tax</strong>ation agreement.<br />
Overseas<br />
assets<br />
Liable<br />
Liable if<br />
remitted <strong>to</strong> <strong>the</strong><br />
UK<br />
Liable<br />
Liable if<br />
remitted <strong>to</strong> <strong>the</strong><br />
UK<br />
Liable 2<br />
Liable if<br />
remitted <strong>to</strong> <strong>the</strong><br />
UK 2<br />
Not liable 4<br />
Not liable 4<br />
3. Liability will arise if <strong>the</strong> assets were used or held for <strong>the</strong> purposes of a trade, profession or vocation carried on <strong>in</strong><br />
<strong>the</strong> UK through a branch or agency or by <strong>the</strong> branch or agency.<br />
4. Ga<strong>in</strong>s aris<strong>in</strong>g dur<strong>in</strong>g a period of temporary <strong>non</strong>-residence may be chargeable (see paragraphs 8.4 - 8.6).<br />
<strong>IR20</strong> 41<br />
HMRC 03/09