I've searched the net but no answer so far.

I'm a British national but have lived outside the UK for the last 10 years. Now I'm returning to Britain in June.

I have shares that I bought in Switzerland, where I live today, that ideally I'd like to hold.

If I sell them at some point in the future, whilst a UK resident, would I be impacted by Capital Gains Tax ?

Thanks for any tips.

Burrito.

In the old days they used to Bed & Breakfast them. Sell them and buy them back the next day. This establishes beyond doubt the value of your shareholding, and which part is tax free.

I have read that b&b ing is no longer a good idea. See taxinnovations.com, check their expat 10 tips, and the bit about capital gains.


I know you can have a capital gain up to 11000 (check it, it is slightly more), and don't have to declare it, anything more and you pay taks on it (minus the capital gain allowance for that year).


You could sell in batches, so you don't go over the limit in anyone year, if need be.

CGT is payable on the gain since some previously defined value and timepoint. Normally that would be the purchase value and purchase date. However, sometimes that changes e.g. inherited assets, the original value and date are no longer relevant, but the value at date of death becomes relevant. It may be as you were absent > 5 years, you get to re-base your CGT as of the date of return (similar to if you sold and repurchased). But I don't know.