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MARTIN DAWSON and CHRIS HOLDEN contemplate the global nature of the capital gains tax legislation.
WILLIAM SHAKESPEARE WROTE in As You Like It, that 'All the world's a stage'. While he could not have contemplated just how wide the territorial scope of the UK's capital taxes legislation would extend some 400 or so years later, the words are opportune when considering the subject.
MARTIN DAWSON and CHRIS HOLDEN contemplate the global nature of the capital gains tax legislation.
WILLIAM SHAKESPEARE WROTE in As You Like It that 'All the world's a stage'. While he could not have contemplated just how wide the territorial scope of the UK's capital taxes legislation would extend some 400 or so years later the words are opportune when considering the subject.
Broadly for the UK to be able to impose a charge to CGT there must be a 'person'; this includes trustees/personal representatives and the disposal of an 'asset'. We shall see later how this is extended further where offshore trustees and offshore companies are involved.
This article considers the extent from a geographical point of view that the UK will impose liability to CGT. It does not consider how that charge may be relieved how certain items...
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