Non-resident (12 years). CGT on mutual funds with uk broker?

Rocksy_B

Hi all. I'm hoping for a quick but of help. I have lived abroad for 7 years and am non-resident for UK tax. I have some mutual funds with a UK broker. As far as I’m aware, a non-resident would not pay tax (in the UK) on these if sold:

HMRC says…

You do not pay Capital Gains Tax on other UK assets, for example shares in UK companies, unless either:

• you return to the uk within 5 years of leaving
• you sell shares in a company that is ‘UK property rich’ and you meet the conditions for an indirect disposal

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However, I find the example (in bold) confusing. Would mutual funds including US companies, be “UK assets”? I'm sure they would be through a UK broker, but the example from HMRC throws me off a bit,