Tax on your UK income if you live abroad
Selling or inheriting assets
If you鈥檙e not a UK resident, you do not usually pay either:
- Capital Gains Tax if you sell most assets in the UK
- Inheritance Tax if you inherit assets located in the UK
When you might be taxed
You鈥檒l only have to pay Capital Gains Tax if:
- you make a gain when you sell property or land in the UK
- assets you sold were used in a UK branch of a foreign business
- you used to be a UK resident and you return to the UK within 5 years of leaving
If you inherited the asset
You鈥檒l only have to pay Inheritance Tax if both:
- you inherited property, money or shares in the UK
- the deceased鈥檚 estate does not have the money to pay the Inheritance Tax
The normal rules for paying Income Tax apply if you get income from something you鈥檝e inherited, for example rental income from a UK property.
If you鈥檙e a non-resident and you inherit UK property or land you have to pay tax on any gains you make when you sell it. You do not pay tax if you inherit and sell other assets, for example UK shares.