Clifford Chance
Taxing capital gains made by non-residents disposing of UK commercial and residential property from April 2019 - Finance Bill Update - July 2018
9 August 2018
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.
This is an update to our client briefing originally published on 22nd November 2017 to take account of developments since the release of draft text in the Finance Bill on 6th July 2018.
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Taxing capital gains made by non-residents disposing of UK commercial and residential property from April 2019 - Finance Bill Update - July 2018
