Keeping your assets

It is extremely common these days for individuals to live abroad either for work or pleasure but ultimately many return to the UK. There is a number of tax planning opportunities available to them prior to their return to the UK. The 1998 Finance Act introduced legislation that makes it harder to realise capital gains tax-free during a period of non-residency from the UK. It is therefore very important that people look at their residence position and consider carefully their date of return to the UK so that that they do not fall foul of the new rules. For individuals that have left t...