For updates affecting this Division please see Part C0 Updates
Persons chargeable to tax on chargeable gains
C1.201 Liability to tax on chargeable gains—individuals
The commentary below considers the exposure of individuals to tax on capital gains. For an overview of the taxation of capital gains generally, see C1.101.
Where an individual makes a chargeable disposal of a chargeable asset, their exposure to capital gains tax depends on their residence and domicile status.
For the meaning of residence, see E6.101. For the meaning of domicile, see E6.300A.
For a discussion of the capital gains tax issues relating to spouses and civil partners, see C1.202. For the capital gains tax position of ambassadors, diplomatic staff and members of visiting forces, see C1.221.
For the rate of capital gains tax that applies to gains realised by individuals, see C1.107.
UK resident and UK domiciled
Individuals who are resident and domiciled in the UK are subject to UK capital gains tax on gains and losses arising on chargeable disposals of worldwide chargeable assets1.
To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to Tolley+™ Research or register for a free trial
Web page updated on 17 Mar 2025 17:00