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Old 24.10.2010, 01:45
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Capital Gains Tax - Shares

Hi,

I am working in Switzerland (Vaud) as an IT contractor so i am now a Swiss tax resident. I have a barclays marketmaster account which is held in the UK.

From what i can gather any shares that i held before i left the UK are subject to CGT if they are sold. (unless i stay out of the UK for 5 years)

However, newly bought shares are not subject to CGT? Can i purchase new shares using my existing UK based barclays sharedealing account which will not be subject to CGT or do i need to open a separate share dealing account based in Switzerland?

Cheers,
Neil
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