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Home / Simons-Taxes /IHT, trusts and estates /Part I5 Settled property /Division I5.12 Income tax and CGT for non-resident settlements /Tax liabilities of non-resident trustees / I5.1216 Capital gains tax liability of trustees—general

I5.1216 Capital gains tax liability of trustees—general

IHT, trusts and estates

Non-resident trustees' chargeability to UK CGT

Gains arising at any time in the tax year are chargeable to CGT if the trustees are resident in the UK for any part of the year.

If the trustees are not resident in the UK for the entire tax year they are generally not chargeable to CGT for the year, even on gains arising in the UK¹.

The trust cannot split the tax year

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B6.749 ATED—property developers

I9.421 Situs of simple contract debts for IHT

B3.340A Hire purchase of plant and machinery and similar contracts

I7.504 Designation for the conditional exemption

C3.1814A CGT exempt assets—qualifying corporate bonds (QCB)

E4.11120 Additional annual returns by employers—overview

B5.123 BPS—negligible value claims

C1.213 Liability to tax on chargeable gains—trustees in bankruptcy

A1.810 Limitation

A4.557 Late filing penalties—company tax returns

E1.1502 Tax treatment of transfers with accrued interest

C2.1168 Property rich collective investment vehicles—ceasing to meet the exemption election requirements

D3.410 Benefits provided by close companies to participators

C3.1713 PPR relief where a dependent relative occupied the residence prior to 6 April 1988

I11.215 IHT accounts—excepted settlements

B5.846 Charities and close companies

B5.101 What is 'farming' and 'market gardening'

E7.234 Other types of lifetime benefit lump sum

B2.472 Tax and tax-related expenditure

E6.102K Statutory residence test—the definition of a 'home'