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Home / Simons-Taxes /Capital gains tax /Part C1 Capital gains /Division C1.6 Foreign element of chargeable gains /Foreign element—generally / C1.604B Location ('situs') of assets for the purposes of the taxation of chargeable gains—interests of co-owners
Commentary

C1.604B Location ('situs') of assets for the purposes of the taxation of chargeable gains—interests of co-owners


Capital gains tax

Individuals, trustees and personal representatives are subject to capital gains tax on chargeable gains. Companies are subject to corporation tax on chargeable gains. The extent to which gains are taxable and losses are allowable in the UK depends on the residence status, and potentially the domicile status of the person and the location of the asset.

For commentary on the rules that apply to determine the location of assets

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