Changes to Capital Gains Tax rules for Non-Residents
Changes have recently been announced to the capital gains tax rules for non-residents.
From 6 April 2019, non-UK resident individuals who sell commercial property in the UK fall within the scope of UK capital gains tax (CGT) and may have a UK tax liability on a future sale.
Previously only residential properties were taxable in the UK for non-residents.
A return must be submitted to HMRC and the tax paid within 30 days of the sale.
Further detail can be found on the Gov.uk website
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