Taxing non-residents’ gains on immovable property
27 Nov 2017
The government has published a consultation on taxing non-residents' gains on immovable property. This measure will broaden the UK's tax base to include disposals of UK commercial property by non-residents, both directly and indirectly, and will bring all companies into charge on disposals of residential property, and all people into charge on indirect disposals of residential property.
The changes will take effect on and after 1 April 2019 for companies, and on and after 6 April 2019 for those in charge to Capital Gains Tax.
An anti-forestalling measure to support this reform will take effect on and after 22 November.