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Clifford Chance

Clifford Chance

Briefings

Taxing Capital Gains Made by Non-Residents Disposing of UK Commercial and Residential Property from April 2019 – a Bombshell

22 November 2017

The Government has announced that from April 2019 tax will be charged on gains made by non-residents on the disposal of all types of UK real estate, extending existing charges that apply to residential property and abolishing an exemption for commercial property that has been in existence since the introduction of CGT in 1965. Investors are likely to face cost and complexity as they try to get to grips with one of the most dramatic changes in the taxation of UK real estate in living memory.

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