The Government has now published its promised consultation document on the introduction of CGT on gains made by non-residents disposing of UK residential property. From April 2013, residential properties for personal use worth more than £2m have been within the scope of CGT if owned by certain non-natural persons. The UK Government released a consultation document on 28 March 2014 on a wider extension of CGT on UK residential properties to all non-UK residents intended to take effect from April 2015. The consultation period closes on 20 June 2014.
To find out how this might affect you and what action you should be taking, read a copy of our latest briefing note entitled “Capital Gains Tax For Non-UK Residents – Consultation Is Here!” brought to you by Rooks Rider Solicitors.
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