The Chancellor made a number of announcements in his Autumn Statement delivered on 5 December 2013 relating to non-UK domiciliaries and their service providers.

As widely predicted, he announced that non-residents will be subject to capital gains tax on gains arising from the disposal of any residential property owned by them. The tax change will come into effect from April 2015.

The Government’s proposals bring the UK into line with many other key property investment markets, who already tax gains on property regardless of the owner’s residence.

A consultation on the new proposals is expected to be published in early 2014.

Some of the main points relating to this area and other key issues are set out in our briefing note entitled Autumn Statement 2013 – Overview.

If you have any queries relating to this update, please contact Robert Drysdale on +44 (0)20 7689 7168 or email

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