Property Tax

Changes for Non-Resident Investors in UK Land

Since April 2015, certain non-resident persons (including individuals, trustees and closely-held companies) have been generally chargeable to non-resident capital gains tax (“NRCGT”) on gains arising on the disposal of UK residential property interests Following the 2017 Autumn Budget, the government has now published draft legislation to tax all gains arising in respect of disposals of interests in UK land and buildings, regardless of the nature of the property or the residence of the disposing entity, with effect from April 2019. The rules will ... Read More