[Eric Mc]

As a non-domiciled tax resident in the UK, the basic rule is that you are taxed on your worldwide income BUT any income generated abroad will only be taxed if you remit the money into the UK. This principle is called the Remittamce Basis.

So, if you sell any of these assets abroad and leave the money in an overseas bank account, you won't be taxed on that money in the UK.

However, there are further complicated rules regarding the treatment of Capital Gains made by "non-doms" living in the UK and you should really consult a specialist who deals with these "overseas" type issues.

[535dman]

How on earth did you post that without revealing your identity!!??????

[dazren]

535dman said:

How on earth did you post that without revealing your identity!!??????

Good question.