Is there anything the UK wants to join that it is not currently a member of?
So the UK will continue to extradite its citizens to Bulgaria or Romania if they're charged with behaviour there that isn't a criminal offence here. But it trumpets 'take back control' so that the UK will allegedly cease to be subject to the ECJ. Very strange ...
Off topic, I bought a pretty massive position in IAG after the Brexit kerfuffle a couple of years ago. I actually forgot about it until now because the results came out this morning and they are primed to buy Norwegian. I'm sitting on a pretty huge gain, does anyone know the implications of selling the stake whilst I'm still resident in Switzerland? I don't mind paying any UK CGT due, but I don't know if I'd be liable.
Nice problem to have
Just phone up the Inland Revenue. From what you say it seems unlikely to me that you'll have any UK tax to pay at all. Having a time and a date where you phoned them up to enquire, and having (one presumes) gone along with their advice is a good feather to have in your cap.
If you make gains in Switzerland though I'd suggest that in the first instance you keep those gains in Swiss accounts. If your gains are actually 'huge' though just hire an accountant.
If you adjust for the spectacular swings in Richmond, Kingston and South Cambs. the change in seats is quite small. On the current BBC figures the amended figures would be: Labour +58 Cons +35 LDs +10
Off topic, I bought a pretty massive position in IAG after the Brexit kerfuffle a couple of years ago. I actually forgot about it until now because the results came out this morning and they are primed to buy Norwegian. I'm sitting on a pretty huge gain, does anyone know the implications of selling the stake whilst I'm still resident in Switzerland? I don't mind paying any UK CGT due, but I don't know if I'd be liable.
Nice problem to have
Just phone up the Inland Revenue. From what you say it seems unlikely to me that you'll have any UK tax to pay at all. Having a time and a date where you phoned them up to enquire, and having (one presumes) gone along with their advice is a good feather to have in your cap.
If you make gains in Switzerland though I'd suggest that in the first instance you keep those gains in Swiss accounts. If your gains are actually 'huge' though just hire an accountant.
The original investment was made when I was living in the UK, I just don't want to bother my dad with it and I know what he charges as well so it's just lost income if he takes on my rubbish. I think Richard is correct, I am liable. I know I have to leave the majority of my Swiss earnings in Switzerland when I go back to the UK.
Off topic, I bought a pretty massive position in IAG after the Brexit kerfuffle a couple of years ago. I actually forgot about it until now because the results came out this morning and they are primed to buy Norwegian. I'm sitting on a pretty huge gain, does anyone know the implications of selling the stake whilst I'm still resident in Switzerland? I don't mind paying any UK CGT due, but I don't know if I'd be liable.
I think you are liable (subject to the £11.7K allowance) unless you are non-resident and away for 5 years:
Ok thanks, in that case I'll do it half and half, I wish I'd remembered before April.
What's extra irritating is that I had almost all of the original investment amount available in ISA funds but again, in my haste to invest after Brexit I didn't do anything properly.
You also need to check the Swiss tax position. It is possible you are taxable in two jurisdictions on the same gain.
Off topic, I bought a pretty massive position in IAG after the Brexit kerfuffle a couple of years ago. I actually forgot about it until now because the results came out this morning and they are primed to buy Norwegian. I'm sitting on a pretty huge gain, does anyone know the implications of selling the stake whilst I'm still resident in Switzerland? I don't mind paying any UK CGT due, but I don't know if I'd be liable.
Where are you tax resident? If it's Switzerland then you will need to pay CGT there.
Off topic, I bought a pretty massive position in IAG after the Brexit kerfuffle a couple of years ago. I actually forgot about it until now because the results came out this morning and they are primed to buy Norwegian. I'm sitting on a pretty huge gain, does anyone know the implications of selling the stake whilst I'm still resident in Switzerland? I don't mind paying any UK CGT due, but I don't know if I'd be liable.
I think you are liable (subject to the £11.7K allowance) unless you are non-resident and away for 5 years:
Ok thanks, in that case I'll do it half and half, I wish I'd remembered before April.
What's extra irritating is that I had almost all of the original investment amount available in ISA funds but again, in my haste to invest after Brexit I didn't do anything properly.
You also need to check the Swiss tax position. It is possible you are taxable in two jurisdictions on the same gain.
Off topic, I bought a pretty massive position in IAG after the Brexit kerfuffle a couple of years ago. I actually forgot about it until now because the results came out this morning and they are primed to buy Norwegian. I'm sitting on a pretty huge gain, does anyone know the implications of selling the stake whilst I'm still resident in Switzerland? I don't mind paying any UK CGT due, but I don't know if I'd be liable.
I think you are liable (subject to the £11.7K allowance) unless you are non-resident and away for 5 years:
Ok thanks, in that case I'll do it half and half, I wish I'd remembered before April.
What's extra irritating is that I had almost all of the original investment amount available in ISA funds but again, in my haste to invest after Brexit I didn't do anything properly.
You also need to check the Swiss tax position. It is possible you are taxable in two jurisdictions on the same gain.
FFS I hadn't even thought of that.
You'll be OK on that front, there's a double taxation treaty between the two countries.
Comments
http://www.bbc.co.uk/news/topics/cdyemzy7w0dt/waltham-forest-london-borough-council
If you make gains in Switzerland though I'd suggest that in the first instance you keep those gains in Swiss accounts. If your gains are actually 'huge' though just hire an accountant.
Labour +58
Cons +35
LDs +10
https://twitter.com/faisalislam/status/992461187777486853