For a gain or loss to be within the scope of tax on chargeable gains, there must be a chargeable disposal of a chargeable asset by a chargeable person. This article considers who is a chargeable person.
For a discussion of chargeable assets and chargeable disposals, see C1.103 and C1.104.
For a discussion of the computation of chargeable gains and losses, see C1.105. For the rates of tax that apply to chargeable gains, see C1.107.
Persons liable to tax on chargeable gains
Broadly, the liability of particular persons to UK tax on chargeable gains can be summarised below:
| Person | Liability to UK tax on chargeable gains and losses | Further reading |
| Individuals—UK resident and UK domiciled or deemed domiciled | Subject to UK capital gains tax on gains and losses arising on chargeable disposals of worldwide chargeable assets, although relief may be available where the proceeds cannot be brought to the UK from another country1.
Having said this, UK deemed domiciliaries may be able to shelter unremitted foreign gains from UK capital gains tax where they have unremitted |
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Web page updated on 17 Mar 2025 13:14