773. The residence rules in relation to a chargeable person.

A person who is UK resident1 for a tax year2 is chargeable to capital gains tax (CGT) on chargeable gains3 accruing to the person in the tax year on the disposal of assets4 wherever situated5.

A person who is not UK resident for a tax year is chargeable to capital gains tax on chargeable gains accruing to the person in the tax year on the disposal of:

  1.  

    (1)     assets situated in the United Kingdom that have a relevant connection to the person's UK branch or agency and are disposed of at a time when the person has that branch or