Circumventing the UK CGT tax laws

No they haven't,because the country that you go to does not affect the UK tax position, only the local tax position

tim

Double taxation agreements can change the situation. If you pay or are deemed to have paid CGT abroad, you won't be taxed again in the UK, regardless of the Gordon's 5 year rule. This is how the Belgian trick worked.

You're talking about the double taxation laws. They will vary according to which country you go to. If you dispose of any assets in the UK you will be liable for Capital Gains Tax. However if you are non UK resident for five complete and consecutive tax years you will not be charged by in the UK for the tax liability incurred by disposing the assets. However, you will have to pay the tax in the country you are living in (local tax rate) if there is a double taxation treaty with the UK. The trick is to find a favourable percetage rate. The following countries are the best:

Belgium 0% Germany 0% Hong Kong 0% Netherlands 0% Singapore 0%

and the following are the worst

Australia 48.5% Canada 23.5% France 26% Italy 12.5% or 27% Sweden 30% United States 15%

HOWEVER, if you return to the UK in any of the five consecutive years then the Revenue will back date the tax bill at the point of disposal.

What Daniel Feingold is saying, is that there is a country where you can return to the UK in ONE year instead of FIVE without being presented with a tax bill.

I was wondering if anyone knew what that country was and why it had a different tax status (there must be some favourable rule in the double taxation treaty with this particular country)?

What Daniel Feingold is saying, is that there is a country where you

Yes. I understood all that.

My reply was to the effect of:

The country is Lilliputia.

tim