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International Business Times UK
International Business Times UK
Maybelyn B. Paden

Tax Experts Reveal Prince Harry and Meghan Markle Successfully 'Avoided the Anti-Avoidance' With UK Return

Tax specialists say Prince Harry and Meghan Markle's six-year US stay placed them beyond the five-year anti-avoidance rule, sparing them UK capital gains tax on overseas asset sales (Credit: sussex_harry_meghan/Instagram)

Prince Harry and Meghan Markle may have secured a favourable UK tax position with their return to Britain, after spending long enough abroad to potentially fall outside rules designed to tax certain gains realised during shorter periods of non-residence.

The couple's more than five-year period outside the UK could place them beyond the scope of Britain's temporary non-residence rules for some income and capital gains, depending on their precise residence history and the nature of any transactions made while abroad.

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