Time Apportionment Relief


I am looking for some advice on a current case that involves an Offshore bond and non-UK residents.

The Offshore bond was established in 26/06/2011 and put into a Spanish Trust with the clients as Trustees. The Trust was dissolved and the bond was assigned to the joint clients in 16/02/2021. The clients were Spanish residents from when the bond started until they moved back to the UK on 01/07/2022. In order to calculate the gain, I have been trying to calculate the applicable TAR.

Can anyone advise how TAR works when a bond is assigned from a Trust?


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