Returning from working abroad

If you are thinking of returning to the UK after several years working abroad we suggest you consider the following prior to doing so:

- sell and re-acquire any assets (e.g. shares) you own that are standing at a gain. This will crystallise the gain before you become liable to UK capital gains tax;
- make sure you don’t sell any assets that are standing at a loss. If you do you won’t be able to use the loss to offset future UK gains;
- if your overseas employment contract finishes shortly before 5 April, take a holiday away from the UK to ensure you stay out of the UK tax net for the whole of that tax year.