International aspects of personal taxation (for Advanced Taxation - United Kingdom (ATX-UK) (P6)) - self-test: answers

Test your understanding: answers

(1). Statement A is false
Jay will be subject to UK IHT on any UK assets.

Statement B
Although Jay is not resident in the UK, he will be subject to UK CGT in respect of this disposal if the building is either a residential building or used in a trade based in the UK.


(2). Statement A is true
Chough will be subject to UK CGT on his worldwide assets.

Statement B is false
Chough will be subject to UK income tax on his worldwide income. The remittance basis is not available because Chough is domiciled in the UK.