Updated: Factsheet updated to clarify when an offshore transfer takes place and the penalty percentage for failure to notify for Income Tax and Capital Gains Tax updated.
Factsheets are for guidance only and reflect the position of HM Revenue and Customs (HMRC) at the time of writing.
Before you start
You will need the latest version of Adobe Reader to open this factsheet. Downloading Adobe Reader is free. Download the latest version of Adobe Reader.
Source: HMRC