Test your understanding
(1). In the tax year 2025/26 Lark is tax resident in the UK and a qualifying new resident.
Explain how Lark will be subject to UK income tax in respect of both UK and overseas income.
(2). State the circumstances in which an individual may be regarded as a temporary non-UK tax resident for the purposes of CGT.
(3). Eider had always been tax resident in the UK until she moved to the country of Twitcheria for a three-year period on 1 May 2026 at which point she ceased to be UK tax resident. In February 2028 Eider will sell two buildings situated in Twitcheria.
Property 1 was acquired in August 2021.
Property 2 was acquired in July 2027.
Explain the UK CGT implications of the disposal of the two properties.
