CGT on equity fund as non-UK resident

[Testaburger]

Hi all,

I'm at that stage of trying to get all my ducks in a row with regards to retirement in around 20 years time.

All of my equities and retirement funds are currently in Hong Kong, where I am resident, and have been for several years.

Does anyone know of the tax implications of buying into a fund or two in the U.K.? I can't open an ISA due to residence.

My understanding is as a non-resident, equity gains aren't taxable. So, what can I expect to happen? Will they report any gains and make me claim it back through a self-assessment? Or is it the other way round; nothing to report and nothing to pay?

I'm interested in the UK as fund management fees are quite high - 5% on initial investments, and 1.5% a year is typical.

Thanks, all.

[williaa68]

There’s no cgt deduction at source. You may find some of the platforms have territorial restrictions on opening accounts but if you can find one who will open an account for you you should be fine.