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 5PL

Tele: 0113 248 8181

Fax: 0113 249 4902

Email: info@careaccountants.co.uk