Does anyone know how this is managed/policed.
If I sell under the 5 years, but are no longer UK resident how does that work?
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5 year sale limit
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Kidman
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Re: 5 year sale limit
runnygum wrote:Does anyone know how this is managed/policed.
My understanding is that it is by self-assessment and self declaration.
runnygum wrote:If I sell under the 5 years, but are no longer UK resident how does that work?
Having looked in the HMRC manuals I can't see any guidance about becoming non-UK resident. I suspect that if a non-resident sells within the five year time then a liability to repay the relief exists as that was part of the 'contract' with HMRC when one claimed the relief.
https://www.gov.uk/hmrc-internal-manuals/venture-capital-schemes-manual/vcm51090
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