Test your understanding
(1). Explain whether the following statements are true or false in respect of Jay who is not tax resident in the UK.
A Jay will not be subject to UK IHT.
B Jay will be subject to UK CGT on the disposal of a building situated in the UK.
(2). Explain whether the following statements are true or false in respect of Chough who has always been tax resident in the UK.
A Chargeable gains on the disposal of assets situated outside the UK will be subject to UK CGT.
B Rental income in respect of a property situated outside the UK will not be subject to UK income tax.
