Commentary

C1.201 Individuals

Capital gains tax
Capital gains tax | Commentary

C1.201 Individuals

Capital gains tax | Commentary

Division C1.2     Persons chargeable

For updates affecting this Division please see Part C0 Updates

Persons chargeable to capital gains tax

C1.201 Individuals

Where an individual makes a chargeable disposal of a chargeable asset, their exposure to capital gains tax depends on their residence and domicile status.

For the meaning of residence, see E6.101. For the meaning of domicile, see E6.300A.

For a discussion of the capital gains tax issues relating to spouses and civil partners, see C1.202.

For the rate of capital gains tax that applies to gains realised by individuals, see C1.107.

UK resident and UK domiciled

Individuals who are resident and domiciled in the UK are subject to UK capital gains tax on gains and losses arising on chargeable disposals of worldwide chargeable assets1. This is known as the arising basis.

See also 'UK resident and not UK domiciled but deemed domiciled in the UK' and 'Leaves or arrives in the UK during the tax year' below.

UK resident and not domiciled

Individuals who are UK resident but not domiciled in the UK who are taxed on the remittance basis are subject to UK capital gains tax on2:

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