CGT - CIP & Share Sale - Overseas Resident

DFWATTS
DFWATTS Posts: 19 Forumite
Sixth Anniversary 10 Posts
Hi All,

Just looking for some advice in what should be a relatively straight-forward case....

I am a Brit, but left in December 2021 to live here in Singapore.  We're moving to Switzerland in August 2025, but have no plans to return to the UK anytime before 2030 (at least).

Anyway, I file a self-assessment every year as we have one property in the UK that we rent out, but in the past couple of tax years (2023/24 & 2024/5) I have made some profits from selling UK based shares.  We're not talking a load of money here - I've paid CGT of about GBP 200 across both years - but as I understand now I shouldn't have paid anything as I'm overseas based. 
Therefore, do I still reports the gains, or do I just omit any information from the filing all together? 

Secondly, I have a couple of CIPs that we started for the kids when they were born.  I report the dividends from these each year, and one has around 28k, the other 22k.
Question here is as a non-UK resident now, can I sell these, close the accounts, and not be subject to CGT?  My plan would be to simply open them each a Premium Bond account and put the money in there each month...(or is this a stupid idea?).

All comments/criticism/abuse welcome!  ;-)

Dan

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