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) 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
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