Non-residents and UK Properties

Non-residents and UK Properties

Date: 10/02/2014

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 Leeds LS8 5PLTele: 0113 248 8181 Fax: 0113 249 4902 Email: info@careaccountants.co.uk

Leave a Reply

Your email address will not be published. Required fields are marked *