My client is currently non-UK resident (has a UK domicile). Will he pay UK capital gains tax if he disposes of a UK investment whilst he is non-resident?
If the individual is treated as permanently non-UK resident (e.g. someone that has been non-UK resident for 5 years or more), they will not be subject to the UK capital gains tax rules in respect of any gains they realise whilst non-UK resident (with the exception of capital gains on UK residential property).
However, if the individual is treated as being temporarily non-UK resident (e.g. he returns to the UK within broadly 5 years of leaving), the assessment of any gains realised during the absence will be revived on their return to the UK.
The tax position in the overseas jurisdiction would also need to be confirmed.