From 6 April 2015, non-UK residents selling UK residential property are subject to Non Resident Capital Gains Tax on the gains made. The new rules now set out in Finance Act 2015 will affect:
- Non-resident individuals
- Non-resident trustees
- Personal representatives of non-resident deceased persons
- Certain non-resident companies (generally those controlled by 5 or less persons)
- Any of the above who are partners in a partnership
Read a copy of our briefing note ‘Non-Resident Capital Gains Tax and UK Residential Property – The Application of Private Residence Relief‘ to find out more or contact Robert Drysdale in our Wealth Planning Team.
