In short, no (although the arcane 'non-dom' rules might impact, if you're in a position to use them). The usual advice is similar to that for anyone moving to the US; that is, evaluate whether it is better to sell, and perhaps re-purchase, to reset the basis before becoming a UK resident.For investments owned before becoming a UK resident, do I owe UK capital gains tax on the entire gain from acquisition to disposal, or only on the portion of the gain that accrued during my period of UK residency? (Maybe another way of asking this is: Does the cost basis for UK capital gains tax reset when becoming a UK resident?)
That aside, the UK 'non-dom' rules change next year, which might create a window for better tax efficiency. However, until this change, current rules apply.
Technical note: Changes to the taxation of non-UK domiciled individuals - GOV.UK
Statistics: Posted by TedSwippet — Mon Jun 03, 2024 2:05 am — Replies 1 — Views 110