International aspects of personal taxation for Paper P6 (UK) - self-test: questions

Test your understanding

(1). Explain whether the following statements are true or false in respect of Jay who is neither resident nor domiciled 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 is both resident and domiciled in the UK.

A Capital 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 only be subject to UK income tax if it is remitted to the UK.


Answers