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CGT to be payable on non UK residents’ disposals of UK residential property

In the 2013 Autumn Statement, the Chancellor announced that from April 2015, Capital Gains Tax (CGT) will apply to gains made on disposals of residential property in the UK by non UK residents as well as UK residents. The government has since issued a consultation on the subject in which it welcomes views on how this new tax charge will be implemented. More…