769. Capital gains tax (CGT).

A person who is UK resident1 for a tax year is chargeable to capital gains tax (CGT) on chargeable gains2 accruing to the person in the tax year on the disposal of assets3 wherever situated4. The basic rule is that CGT is charged on the total amount of chargeable gains accruing to the person chargeable in the tax year after deducting any allowable losses