Q&A: CGT on non-UK residents: what’s proposed?

Andrew Goldstone

Andrew Goldstone (Mishcon de Reya) considers the CGT proposals for non-residents owning UK residential property

What’s happened?

The UK government’s long awaited final proposals for CGT on non-UK residents owning UK residential property have now been published (see Implementing a capital gains tax charge on non-residents: summary of responses (HM Treasury and HMRC).

The government believes that CGT should apply to disposals of UK residential property by residents and non-residents alike. The government states that it is ‘rectifying the unfairness in the system that currently allows non-residents to escape UK CGT on disposals of UK property that are or could be used as a dwelling house’.

The plans for the new CGT charge were first announced in the 2013 Autumn Statement and a consultation document followed in March 2014. Mishcon de Reya responded to...

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Andrew Goldstone (Mishcon de Reya) considers the CGT proposals for non-residents owning UK residential property

What’s happened?

The plans for the new CGT charge were first announced in the 2013 Autumn Statement and a consultation document followed in March 2014. Mishcon de Reya responded to...

If you or your firm subscribes to Taxjournal.com, please click the login box below:

If you do not subscribe but are a registered user, please enter your details in the following boxes: