Non-residents and UK Properties
Capital Gain Tax (CGT) will be charged on future gains realised by non-residents on the sale of their residential property in the UK. It has long been an anomaly that a non-resident pays no CGT on UK assets.
A consultation document will be published on how best to introduce this change in early 2014. It is just future gains that will be taxed and not historical gains.
For more information, contact us at:
Care Accountancy Ltd
188 A Roundhay Road
Tele: 0113 248 8181
Fax: 0113 249 4902